AUDUSD Daily Analysis – December 9, 2019

AUDUSD stays in a narrow range between 0.6812 and 0.6861. As long as 0.6812 support holds, the price action in the range could be treated as consolidation for the uptrend from 0.6754, a breakout of 0.6861 resistance could trigger further upside movement towards 0.6900. On the downside, a breakdown below 0.6812 support would indicate that the upside movement had completed at 0.6861 already, then another fall towards 0.6700 could be seen.

AUDUSD 4-hour chart