AUDUSD extended its downside movement from 0.7413 to as low as 0.7005. A further decline will likely be seen, and the next target would be around the 0.6800 area.
AUDUSD extended its downside movement from 0.7413 to as low as 0.7005. A further decline will likely be seen, and the next target would be around the 0.6800 area. Near term resistance is at 0.7240, and only a break above this level could trigger another rise towards 0.7600.
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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