AUDUSD extended its upside movement from 0.6800 to as high as 0.6938. Further rise is still possible after a minor consolidation and next target would be at 0.7000. Near term support is at 0.6890, below this level could bring the price back towards the rising trend line on the 4-hour chart.
![AUDUSD 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2019/20191213_AUDUSD_1.png)