AUDUSD Daily Analysis – Friday, Dec. 6

AUDUSD moved sideways in a trading range between 0.6812 and 0.6861. As long as 0.6812 support holds, the sideways move could be treated as consolidation for the uptrend from 0.6754, further rise to 0.6900 area is possible after the consolidation.

On the downside, a breakdown below 0.6812 support would indicate that the upside movement had completed at 0.6861 already, then another fall towards 0.6750 could be seen.

AUDUSD 4-hour chart

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