AUDUSD Weekly Analysis – December 16, 2018

AUDUSD broke below 0.7164 support, suggesting that the upside movement from 0.7020 had completed at 0.7393 already. Further decline is still possible next week and next target would be at 0.7050 area. Resistance is at 0.7280, a break of this level could trigger another rise towards 0.7500.

AUDUSD daily chart