AUDUSD Daily Analysis – Thursday, Nov. 8

AUDUSD broke above 0.7258 resistance and extended its upside movement from 0.7020 to as high as 0.7299.

Further rise is still possible and next target would be at 0.7340 area.

Near-term support is at 0.7200, followed by 0.7180, only break below these levels could bring the price back towards the bullish trend line on the 4-hour chart.

AUDUSD 4-hour chart

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