AUDUSD Daily Analysis – November 24, 2017

AUDUSD’s upside movement from 0.7532 extended to as high as 0.7638. Further rise is still possible and next target would be at 0.7650. Above this level could take price to next resistance level at 0.7729. Near term support is at 0.7570. A breakdown below this level will suggest that the short term uptrend from 0.7532 is complete, then deeper decline towards 0.7532 could be seen. Below this level could signal resumption of the downtrend from 0.8124 (Sep 8 high), then next target would be at 0.7450 area.

AUDUSD 4-hour chart