AUDUSD, H4
On the H4, AUDUSD reached the resistance area at 0.6630 and rebounded, moving lower. Given that this is the fourth time the price has bounced off the resistance, we can expect further short-term declines on a drop below the support.
- AUDUSD may be considered to sell on a fall below 0.6560 with a target of 0.6500;
Conclusion
In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.
