AUD/USD extended its downside movement from 0.7483 to as low as 0.7360.
AUD/USD extended its downside movement from 0.7483 to as low as 0.7360. Further decline could be expected in the coming days and next target would be at 1.7300 area. Resistance is at 0.7420, only a breakout of this level could trigger another rise towards 0.7550 area.
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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