AUDUSD extended its upside movement from 0.7052 to as high as 0.7174, breaking above 0.7168 resistance. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7200 area. Key support is at 0.7109, only a breakdown below this level could bring the price back to 0.7000 area.
