AUDUSD’s upside movement from 0.7807 extended to as high as 0.8028.
AUDUSD’s upside movement from 0.7807 extended to as high as 0.8028.
As long as the price is in the bullish channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.8050 area.
Near-term support is at 0.7935, followed by the bottom support trend line of the price channel, only a clear break below the channel support could signal completion of the uptrend.
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.
Comments
Log in or sign up to join the conversation.