AUDUSD continued its upward movement from 0.8540, and the rise extended to as high as 0.8784.
Support is located at the rising trend line on 4-hour chart, only a clear break below the trend line support will indicate that the uptrend is complete, then another fall towards 0.8400 could be seen.
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 Aussie dollar (AUDUSD), minus ETF fee. The fund seeks to reflect the price of the Aussie dollar (AUDUSD) with the shares representing a cost-effective investment relative to investing in the FOREX market.
Content curiosity of FOREXCycle
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