AUDUSD Daily Analysis – Monday, Dec. 11

AUDUSD remains in the downtrend from 0.7653. Further decline would likely be seen after a minor consolidation and next target would be at 0.7475 area.

A breakdown below this level could trigger further downside movement towards 0.7328 (May 9 low). Near-term resistance is at 0.7545, a break above this level could take price back to test 0.7653 resistance.

AUDUSD 4-hour chart

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