AUDUSD Daily Analysis – Monday, Dec. 3

AUDUSD’s upside movement from 0.7199 extended to as high as 0.7380.

AUDUSD’s upside movement from 0.7199 extended to as high as 0.7380. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7450 area.

Key support is at 0.7284, only a breakdown below this level could signal completion of the uptrend.

AUDUSD 4-hour chart

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