AUDUSD Daily Analysis – Thursday, Dec. 20

After consolidation, AUDUSD extended its downside movement from 0.7393 to as low as 0.7087.

Further decline is still possible in a couple of days next target would be at 0.7050 area.

Near-term resistance is at 0.7140, only a break of this level could signal completion of the downtrend.

AUDUSD 4-hour chart

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