AUDUSD Daily Analysis – December 29, 2017

AUDUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 0.7900 area. Only a clear break below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart