AUDUSD Daily Analysis – December 14, 2017

AUDUSD broke above 0.7653 resistance, suggesting that the downside movement from 0.8124 (Sep 8 high) had completed at 0.7501 already. Further rise would likely be seen and next target would be at 0.7720 area. Support levels are at 0.7580 and 0.7501, only break below these levels could trigger another fall towards 0.7475 area.

AUDUSD 4-hour chart