AUD/USD Weekly Analysis – Sunday, Dec. 30

AUD/USD’s downside movement from 0.7393 extended to as low as 0.7016, breaking below 0.7020 support.

A further decline is still possible and the next target would be at the 0.6800 area.

Resistance is at 0.7100, only a break of this level could bring the price back to 0.7300 area.

AUDUSD daily chart

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