AUD/USD’s downside movement from 0.7393 extended to as low as 0.7016, breaking below 0.7020 support. A further decline is still possible and the next target would be at the 0.6800 area.
AUD/USD’s downside movement from 0.7393 extended to as low as 0.7016, breaking below 0.7020 support.
A further decline is still possible and the next target would be at the 0.6800 area.
Resistance is at 0.7100, only a break of this level could bring the price back to 0.7300 area.
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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