AUDUSD Daily Analysis – December 11, 2017

AUDUSD remains in the downtrend from 0.7653. Further decline would likely be seen after a minor consolidation and next target would be at 0.7475 area. A breakdown below this level could trigger further downside movement towards 0.7328 (May 9 low). Near term resistance is at 0.7545, a break above this level could take price back to test 0.7653 resistance.

AUDUSD 4-hour chart