AUDUSD is forming a sideways consolidation in a trading range between 0.6775 and 0.7063. As long as 0.6775 support holds, the uptrend from 0.5507 could be expected to continue, and the next target would be around the 0.7300 area.
AUDUSD is forming a sideways consolidation in a trading range between 0.6775 and 0.7063. As long as 0.6775 support holds, the uptrend from 0.5507 could be expected to continue, and the next target would be around the 0.7300 area.
On the downside, a breakdown below 0.6775 support would indicate that the upside movement had completed at 0.7063 stage already. Then, the following downside movement could take the price to the 0.6400 zone.
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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