AUDUSD broke below 0.6837 support, suggesting that lengthier consolidation for the uptrend from 0.6687 is needed.
AUDUSD broke below 0.6837 support, suggesting that lengthier consolidation for the uptrend from 0.6687 is needed.
Range trading between 0.6800 and 0.6894 could be expected in a couple of days.
As long as 0.6800 support holds, the uptrend could be expected to resume, further rise to 0.7000 area is possible after the consolidation.
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you.
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