AUDUSD Daily Analysis – Thursday, Oct. 18

AUDUSD failed to break below 0.7095 support, suggesting that the pair remains in the uptrend from 0.7041.

Further rally could be expected and next target would be at 0.7200 area. Key support is at 0.7095, only a breakdown below this level could signal completion of the uptrend.

AUDUSD 4-hour chart

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