AUDUSD Daily Analysis – December 9, 2016

AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend from 0.7369 could be expected to continue, and next target would be at 0.7600 area. However, a clear break below the trend line support will indicate that the uptrend had completed at 0.7508 already, then the following downward movement could bring price back to test 0.7310 support.

audusd chart