AUDUSD Daily Analysis – December 15, 2017

AUDUSD is now in uptrend from 0.7501. Further rise could be expected after a minor consolidation and next target would be at 0.7720, followed by 0.7800 area. Near term support is at 0.7630, a breakdown below this level would indicate that correction for the uptrend is underway, then the pair would find support at around 0.7550.

AUDUSD 4-hour chart