AUDUSD extended its upside movement from 0.6401 to as high as 0.6615.

Further rise would likely be seen and next target would be at 0.6700 area.

Near term support is at 0.6500, a breakdown below this level could trigger another fall towards 0.6372 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