AUDUSD Daily Analysis – Tuesday, Dec. 4

AUDUSD stays in a bullish trend line on the 4-hour chart and remains in the uptrend from 0.7199.

As long as the price is above the trend line, the pullback from 0.7393 could be treated as consolidation for the uptrend, further rise towards 0.7450 is still possible after the consolidation.

Only a breakdown below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart

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