AUDUSD broke out of support, further potential drop!
AUDUSD broke out of its horizontal pullback resistance at 0.7712, a strong reaction could occur at this level pushing price down to our next major support at 0.7648 (horizontal overlap support, 76.4% Fibonacci retracement , 100% Fibonacci extension ).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.