AUD/USD extended its bearish movement from 0.8124 to as low as 0.7624. Further decline could be expected after a minor consolidation.
AUD/USD extended its bearish movement from 0.8124 to as low as 0.7624. Further decline could be expected after a minor consolidation. The next target would be at 0.7535.
Resistance is at the bearish trend line on the daily chart, only a clear break above the trend line resistance could signal completion of the downtrend.
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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