AUDUSD broke above 0.7718 resistance, suggesting that lengthier consolidation for the downtrend from 0.8124 (Sep 8 high) is underway.
AUDUSD broke above 0.7718 resistance, suggesting that lengthier consolidation for the downtrend from 0.8124 (Sep 8 high) is underway. Further rally is still possible and next target would be at 0.7750. Above this level would aim 0.7800 zone.
Near-term support is at 0.7670, a breakdown below this level could take price back to test 0.7624 support. Below this level will signal resumption of the downtrend, then next target would be at 0.7500 area.
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