AUDUSD Daily Analysis – Monday, Dec. 17

AUDUSD broke below 0.7178 support and extended its downside movement from 0.7393 to as low as 0.7151.

Further decline is still possible in the coming days and next target would be at 0.7100 area.

Resistance levels are at 0.7200 and 0.7246, only break above these levels could bring the price back to 0.7350 area.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.