AUD/USD Weekly Analysis – Friday, Nov. 2

AUD/USD broke above 0.7159 resistance and extended its upside movement from 0.7020 to as high as 0.7213. Further rise is still possible after a minor consolidation and next target would be at 0.7300 area. Near term support is at 0.7175, a breakdown below this level could bring the price back to next support level at 0.7120.

AUDUSD 4-hour chart

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