After forming a top above, the Australian dollar against the US dollar has experienced a significant decline. From the 4-hour chart, a downward trend has formed. However, in the short term, support has formed near 0.67100. If the price can hold steady at this level, then the market will see a rebound trend. For friends who have long positions, they can use this opportunity to recover some losses.
However, the overall trend of the Australian dollar against the US dollar is still downward. Before any obvious signal of stabilization appears, there is still a high risk for holding long positions. I will continue to update the operational strategy for this product for my friends' reference. I hope it will be helpful to you. If you have any questions, please leave a message for me in time. Thank you for liking and following.
Comment:
After falling to the support, there was a rebound.
Trade active:
Take profit is about to be reached