AUDUSD Daily Analysis – December 13, 2017

AUDUSD broke above 0.7545 resistance, suggesting that the short term downtrend from 0.7653 had completed at 0.7501 already. Further rally would likely be seen in the coming days and next target would be at 0.7653 resistance. Near term support is at 0.7501, only a breakdown below this level could trigger another fall to 0.7475 area.

AUDUSD 4-hour chart