AUDUSD Daily Analysis – December 4, 2019

AUDUSD extended its upside movement from 0.6754 to as high as 0.6861. As long as 0.6800 support holds, the upside movement could be expected to continue and next target would be at 0.6900 area. On the downside, a breakdown below 0.6800 support would indicate that the uptrend had completed at 0.6861 already, then another fall towards 0.6750 could be seen.

AUDUSD 4-hour chart