83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

AUDUSD, H4: AUDUSD was traded lower following the prior breakout below from the previous support level at 0.6945. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses toward the support level at 0.6870.

 

Resistance level: 0.6945, 0.7040

Support level: 0.6870, 0.6775