AUDUSD Daily Analysis – November 15, 2018

AUDUSD’s bounce from 0.7164 extended to as high as 0.7278, breaking above 0.7250 resistance. Further rise towards 0.7302 previous high is possible and a breakout of this level could take the price to 0.7350 area. Support is at 0.7200, only a breakdown below this level could trigger another fall towards 0.7100.

AUDUSD 4-hour chart