AUD/USD stays in a trading range between 0.7201 and 0.7277.
AUD/USD stays in a trading range between 0.7201 and 0.7277. As long as 0.7277 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 0.7337, and a further decline to 0.7100 area is possible after the consolidation. Only a breakout of 0.7277 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.
Comments
Log in or sign up to join the conversation.