AUDUSD Weekly Analysis – November 24, 2018

AUDUSD extended its upside movement from 0.7020 to as high as 0.7337. Support is at 0.7160, as long as this level holds, the upside movement could be expected to continue and next target would be at 0.7500 area. On the downside, a breakdown below 0.7160 support would indicate that the upside movement had completed at 0.7337 already, then further decline towards 0.7020 support could be seen.

AUDUSD daily chart