AUDUSD Daily Analysis – Tuesday, Dec. 4

AUDUSD stays in a bullish trend line on the 4-hour chart and remains in the uptrend from 0.7199.

As long as the price is above the trend line, the pullback from 0.7393 could be treated as consolidation for the uptrend, further rise towards 0.7450 is still possible after the consolidation.

Only a breakdown below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.