AUDUSD Daily Analysis – Monday, Dec. 3

AUDUSD’s upside movement from 0.7199 extended to as high as 0.7380. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7450 area.

Key support is at 0.7284, only a breakdown below this level could signal completion of the uptrend.

AUDUSD 4-hour chart

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