AUDUSD Daily Analysis – December 5, 2017

AUDUSD broke above 0.7644 resistance, indicating that the downside movement from 0.7897 had completed at 0.7532 already. Further rally could be expected and next target would be at 0.7729. Support levels are at 0.7575 and 0.7532, only break below these levels could trigger another fall towards 0.7450.

AUDUSD 4-hour chart