AUDUSD Daily Analysis – December 12, 2019

AUDUSD broke above 0.6861 resistance and extended its upside movement from 0.6800 to as high as 0.6889. Further rise could be expected after a minor consolidation and next target would be at 0.6910 area. Near term support is at 0.6865, below this level could bring the price back towards the rising trend line on the 4-hour chart.

AUDUSD 4-hour chart