AUDUSD Daily Analysis – December 18, 2019

AUDUSD is facing the support of the rising trend line on the 4-hour chart. A breakdown below the trend line support would indicate that the upside movement from 0.6754 had completed at 0.6938 already, then further decline towards 0.6770 could be seen. On the upside, as long as the trend line support holds, the pullback from 0.6938 could be treated as consolidation for the uptrend, one more rise towards 0.7000 is still possible after the consolidation.

AUDUSD 4-hour chart