AUDUSD Daily Analysis – December 7, 2017

AUDUSD is now facing 0.7532 support. A breakdown below this level will indicate that the downtrend from 0.8124 (Sep 8 high) has resumed, then next target would be at 0.7475 area. Below this level would aim 0.7328 (May 9 low). Near term resistance is at 0.7600, only break above this level could take price back to test 0.7653 resistance.

AUDUSD 4-hour chart