The AUD/USD seems to be bounce off form the red line support and current price is above its 50MA,100MA AND 200 MA respectively. Current momentum is moving back to its 0.69020 where it has lost its former key support. Likely to retreat to its next target downward price.
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The information contained is solely for educational purposes and does not constitute investment advice. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. The risk of trading in securities markets and Investment fund can be substantial. You should be aware of all the risks associated with trading and seek professional advice from an independent financial advisor if you have any doubts. I shall not be responsible for any liabilities arising from the result of your purchase of investment funds selection, stock market involvement or individual trading activities
Disclaimer :
The information contained is solely for educational purposes and does not constitute investment advice. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. The risk of trading in securities markets and Investment fund can be substantial. You should be aware of all the risks associated with trading and seek professional advice from an independent financial advisor if you have any doubts. I shall not be responsible for any liabilities arising from the result of your purchase of investment funds selection, stock market involvement or individual trading activities