AUD/USD Weekly Analysis – Thursday, Nov. 1

AUD/USD extended its upside movement from 0.7020 to as high as 0.7133. Further rally is still possible and next target would be at 0.7159 resistance. Support is located at the rising trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart

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