AUDUSD Daily Analysis – Friday, Dec. 21

AUDUSD remains in the downtrend from 0.7393, the bounce from 0.7086 is likely consolidation for the downtrend.

Resistance is at 0.7150, as long as this level holds, the downtrend could be expected to continue and next target would be at 0.7050 area.

Only break above 0.7150 resistance could signal completion of the downtrend.

AUDUSD 4-hour chart

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