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AUDUSD News

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Last Updated Date: 17 May 2022 @ 8:26 AM (UTC)
*Please note that all the dates are in GMT time zone

The AUDUSD market has climbed into a short term upswing and posting a close over 0.7053 implies an extension to 0.7136. Trade may slip into Friday’s range and consolidate gains, but suspect support under 0.6872 will bounce trade back to positive trade action. Only a close under 0.6848 (SAR) turns trend forces back down.

 
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.