AUDUSD, H4
In the H4 time frame, the AUDUSD faced crucial support at the 0.6630 level. The Momentum oscillator aiming to cross the 100 line from above, potentially giving a bearish sentiment for the asset.
- If the price rebounds from 0.6630, it will likely rise to 0.6690 level.
- However, if the AUDUSD breaches below the support, it may trigger a decline to 0.6600.
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.
