AUDUSD is testing 0.9444 resistance, a break above this level will indicate that the uptrend from 0.9208 has resumed, then next target would be at 0.9500 area.
Support levels are at 0.9350 and 0.9321, only break below these levels could bring price back to 0.9250 zone.
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
You must be logged in to post a comment.