AUDUSD broke above 0.9303 resistance, suggesting that the uptrend from 0.8924 has resumed.
Further rise could be expected, and next target would be at 0.9400 area.
Support is at 0.9205, only break below this level could signal completion of the uptrend.
Editor’s Note: Equity investors/traders can use the Currency Shares Australian Dollar Trust (FXA, quote) ETF to take positions in the Aussie dollar without a FOREX account. The ETF looks to track the price of the euro, minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.
Content curiosity of FOREXCycle
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