AUDUSD – getting close to support of a Channel Down

AUDUSD was identified at around 0.65485 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.6467 level.

Past performance is not an indicator of future results.
Trading leveraged products carries significant risk. Please refer to PDS and TMD on our website. AFSL#309763

Opere Ahora