CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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.

AUD/USD Technical Outlook: Price Testing Critical Uptrend Support

4/4/2018, 2:00:35 PMMarket Analysis
AUD/USD Technical Outlook: Price Testing Critical Uptrend Support

The Australian Dollar is approaching multi-year uptrend support after plummeting nearly 6% off the yearly highs. If the broader uptrend is to remain viable, prices will need to find a low ahead of this key structural support confluence in the days to come. It’s make-or-break here for the Aussie

Technical Outlook: In this week’s Technical Perspective, we noted that the Australian Dollar was, “approached a long-term support confluence we’ve been tracking since the start of the year at 7612/37. This region represents a critical inflection point for price and IF broken would risk a substantial sell-off in the Aussie.” Put simply, price is trading just above major uptrend support and we’re on the lookout for an exhaustion low while above 7612.reak here for the Aussie.