AUDUSD Daily Analysis – December 5, 2019

AUDUSD remains in the uptrend from 0.6754, the pullback from 0.6861 is likely consolidation for the uptrend. As long as 0.6800 support holds, the upside movement could be expected to resume, and further rise to 0.6900 area is possible after the consolidation. Only a breakdown below 0.6800 support would indicate that the upside movement had completed at 0.6861 already, then another fall towards 0.6750 could be seen.

AUDUSD 4-hour chart