AUDUSD Weekly Analysis – December 23, 2018

AUDUSD extended its downside movement from 0.7393 to as low as 0.7031, facing the support level at 0.7020, a breakdown below this level could trigger further downside movement towards 0.6800. Near term resistance is at 0.7100, only a break of this level could signal completion of the downtrend.

AUDUSD daily chart