AUDUSD Daily Analysis – Friday, Oct. 18

AUDUSD broke above 0.6810 resistance, suggesting that the uptrend from 0.6670 has resumed.

AUDUSD broke above 0.6810 resistance, suggesting that the uptrend from 0.6670 has resumed.

Further rise could be expected in a couple of days and next target would be at 0.6880 area. Near term support is at 0.6810, below this level could bring the price back to 0.6780 area.

AUDUSD 4-hour chart

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