AUD/USD Daily Analysis – Wednesday, Feb. 20

AUD/USD extended its upside movement from 0.7054 to as high as 0.7176. Further rise is still possible in the coming days and next target would be at 0.7200 area. Support is at the rising trend line on the 4-hour chart, only a breakdown below the trend line support could trigger another fall towards 0.7000.

AUDUSD 4-hour chart

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