AUDUSD extended its downside movement from 0.8135 to as low as 0.7020. As long as the price is below the bearish trend line on the daily chart, a further decline could be expected and the next target would be at the 0.6900 area.
AUDUSD extended its downside movement from 0.8135 to as low as 0.7020.
As long as the price is below the bearish trend line on the daily chart, a further decline could be expected and the next target would be at the 0.6900 area.
Near term resistance is at 0.7159; a breakout of this level could bring the price back towards the bearish trend line.
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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