AUDUSD Daily Analysis – November 23, 2017

AUDUSD broke above 0.7610 resistance, indicating that the downtrend from 0.7729 had completed at 0.7532 already. Further rally is still possible and next target would be at 0.7650 area. Above here could trigger further upside move towards 0.7729 resistance. Near term support is at 0.7570, followed by 0.7532, only break below these levels could bring price back to the downtrend, then next target would be at 0.7450.

AUDUSD 4-hour chart