AUDUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 0.6894 had completed at 0.6759 already.
AUDUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 0.6894 had completed at 0.6759 already. Further ally would likely be seen in a couple of days and next target would be at 0.6850 area.
Support is at 0.6759, only a breakdown below this level could trigger another fall towards 0.6650.
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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