AUD/USD extended its upside movement from 0.7712 to as high as 0.7916. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7950 area. On the downside, a clear break below the trend line support would indicate that the upside movement had completed at 0.7916 already, then the pair would find next support level at 0.7772. Below this level could trigger further downside move towards 0.7712.

AUDUSD 4-hour chart

Print Friendly, PDF & Email