AUDUSD Daily Analysis – December 28, 2018

AUDUSD extended its downside movement from 0.7246 to as low as 0.7016. Further decline could be expected in a couple of days and next target would be at 0.6950 area. Resistance is at 0.7077, only a break of this level could bring the price back to 0.7120 area.

AUDUSD 4-hour chart