AUDUSD Daily Analysis – December 8, 2016

AUDUSD broke above 0.7497 resistance, indicating that the uptrend from 0.7310 has resumed. Further rise could be expected in a couple of days, and next target would be at 0.7600 zone. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend will continue.

audusd chart