AUD/USD’s upside movement from 0.7003 extended to as high as 0.7205. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue.
AUD/USD’s upside movement from 0.7003 extended to as high as 0.7205. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and the next target would be at the 0.7300 area.
Only a clear break below the trend line 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.