AUDUSD is now in uptrend from 0.6826, and the rise extended to as high as 0.7583.
Further rise could be expected after a minor consolidation, and next target would be at 0.8000 area.
Support is at 0.7300, as long as this level holds, the uptrend will continue.
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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