AUDUSD Daily Analysis – Tuesday, Dec. 18

AUDUSD is facing 0.7200 resistance, a break of this level would indicate that lengthier consolidation for the downtrend from 0.7393 is needed, then further rise towards 0.7246 resistance could be seen.

On the downside, as long as 0.7200 resistance holds, the downtrend could be expected to continue and next target would be at 0.7100 area.

AUDUSD 4-hour chart

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