AUDUSD Daily Analysis – Friday, Dec. 7

AUDUSD’s downside movement from 0.7393 extended to as low as 0.7191. Resistance is at 0.7270, as long as this level holds, the downtrend could be expected to continue and next target would be at 0.7150 area.

Only a break of 0.7270 resistance could bring the price back to 0.7300 zone.

AUDUSD 4-hour chart

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