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 prices increased 0.3%

Fast Moving Market - 29/09/2023

29 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 prices increased 0.3%. The AUDUSD pair and all other /USD pairs are rising on the back of a weaker dollar today.

Possible Scenarios:

If AUDUSD fails to breach through R1 of 0.64800, our Research Department expects the AUDUSD to undergo a short- term downward correction.

If AUDUSD manages to break above its R1 of 0.64800, our Research Department expects the AUDUSD to extend its gains to its R2 of 0.64987.

Support and Resistance Levels:

AUDUSD

S3

S2

S1

Reference Price

R1

R2

R3

0.63931

0.64117

0.64304

0.64552

0.64800

0.64987

0.65173

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €94.44

(+/-) £81.69

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05885
***GBP/USD = 1.22410
Calculations for exchange rate used as of Friday, September 29, 2023 GMT+1, 08:00: AM

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