AUDUSD Weekly Analysis – December 31, 2017

AUDUSD extended its upside movement from 0.7501 to as high as 0.7824. Further rise to test 0.7897 resistance could be seen next week. A break of this level could take price to next resistance level at 0.8000, followed by 0.8124 previous high. Near term support is at 0.7730, only break below this level will indicate that correction for the uptrend is underway, then deeper decline to 0.7650 area could be seen.

AUDUSD daily chart