CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 all your money. Read full risk warning.

AUDUSD price is falling 0.4%

Fast Moving Market - 27/09/2023

27 September, 2023

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: AUDUSD price is falling 0.4%. The AUDUSD and all other USD pairs are falling as the US dollar index rises to hit 2023 highs.

Possible Scenarios:

If AUDUSD fails to breach through S1 of 0.63471, our Research Department expects the AUDUSD to undergo a short- term upward correction.

If AUDUSD manages to break below its S1 of 0.63471, our Research Department expects the AUDUSD to extend its losses to its S2 of 0.63305

Support and Resistance Levels:

AUDUSD

S3

S2

S1

Reference Price

R1

R2

R3

0.63138

0.63305

0.63471

0.63694

0.63917

0.64083

0.64250

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €94.91

(+/-) £82.39

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05364
***GBP/USD = 1.21374
Calculations for exchange rate used as of Wednesday, September 27, 2023 GMT+1, 13:20: PM

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