CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

AUD/USD price is falling -0.5%

Fast Moving Market - 06/01/2022

06 January, 2022

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Fast Moving Market: AUD/USD price is falling -0.5%. AUD/USD is breaking below the 0.7170 level in a renewed selling wave as investors continue to weigh the increased odds of aggressive Fed tightening.

Possible Scenarios:

If AUD/USD fails to breach through S1 of 0.71456, our Research Department expects the AUD/USD to undergo a short-term upward correction.

If AUD/USD manages to break below its S1 of 0.71456, our Research Department expects the AUD/USD to extend its losses to its S2 of 0.71288.

Support and Resistance Levels:

AUD/USD

S3

S2

S1

Reference Price

R1

R2

R3

0.71120

0.71288

0.71456

0.71680

0.71904

0.72072

0.72240

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €88.22

(+/-) £73.79

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.13358
***GBP/USD = 1.35526
Calculations for exchange rate used as of 08:16 (GMT) 06/1/2022

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