AUDUSD is now in the downtrend from 0.7031, a further decline would likely be seen and a breakdown below 0.6848 support could trigger further downside movement towards 0.6700.
AUDUSD is now in the downtrend from 0.7031, a further decline would likely be seen and a breakdown below 0.6848 support could trigger further downside movement towards 0.6700.
Near term resistance is at 0.6940, only break above this level could bring the price back towards 0.7000.
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.