AUDUSD Daily Analysis – Wednesday, Oct. 17

AUDUSD extended its upside movement from 0.7041 to as high as 0.7151. Further rally could be expected in a couple of days and next target would be at 0.7200 area.

Support is at 0.7095, only a breakdown below this level could take the price back to test 0.7041 support.

AUDUSD 4-hour chart

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