AUDUSD Daily Analysis – December 28, 2017

AUDUSD extended its upside movement from 0.7501 to as high as 0.7783. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7850 area. On the downside, a clear break below the trend line support will indicate that the uptrend is complete, then the pair would find support at around 0.7700, followed by 0.7635.

AUDUSD 4-hour chart