AUDUSD Daily Analysis – November 19, 2018

AUDUSD broke above 0.7302 resistance and extended its upside movement from 0.7164 to as high as 0.7337. 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 0.7400 area. On the downside, a breakdown below the trend line support would indicate that the uptrend is complete, then another fall to 0.7200 area could be seen.

AUDUSD 4-hour chart