AUDUSD Daily Analysis – Thursday, Dec. 6

AUDUSD extended its downside movement from 0.7393 to as low as 0.7224.

Further decline is still possible and next target would be at 0.7200, followed by 0.7150. Near-term resistance is at 0.7270, a break of this level could bring the price back to 0.7300 zone.

AUDUSD 4-hour chart

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