AUDUSD's upward movement from 0.9237 extended to as high as 0.9401.
Further rise could be expected after a minor consolidation, and next target would be at 0.9450 area.
Support is at 0.9315, only break below this level could trigger another fall to test 0.9237 support.
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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