AUDUSD Daily Analysis – December 21, 2017

AUDUSD continued its sideways movement in a trading range between 0.7635 and 0.7694. The sideways movement is likely consolidation of the uptrend from 0.7501 and a breakout of 0.7694 could take price to 0.7800 area. On the downside, a breakdown below 0.7635 support could bring price back to next support level at 0.7580. Below here would aim 0.7501 previous low.

AUDUSD 4-hour chart