AUDUSD Daily Analysis – Friday, Dec. 13

AUDUSD extended its upside movement from 0.6800 to as high as 0.6938.

Further rise is still possible after a minor consolidation and next target would be at 0.7000. Near term support is at 0.6890, below this level could bring the price back towards the rising trend line on the 4-hour chart.

AUDUSD 4-hour chart

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