AUDUSD Daily Analysis – Wednesday, Dec. 13

AUDUSD broke above 0.7545 resistance, suggesting that the short-term downtrend from 0.7653 had completed at 0.7501 already.

Further rally would likely be seen in the coming days and next target would be at 0.7653 resistance.

Near-term support is at 0.7501, only a breakdown below this level could trigger another fall to 0.7475 area.

AUDUSD 4-hour chart

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