AUDUSD Daily Analysis – November 9, 2018

AUDUSD extended its upside movement from 0.7020 to as high as 0.7302. Further rise is still possible and next target would be at 0.7340 area. Support is at 0.7220, a breakdown below this level would indicate that the upside movement had completed at 0.7302 already, then deeper decline towards the bullish trend line on the 4-hour chart could be seen.

AUDUSD 4-hour chart