AUDUSD extended its upside movement from 0.7642 to as high as 0.7809.
The key support is now at 0.7738, as long as this level holds, the upside movement could be expected to continue and next target would be at 0.7850 area. On the downside, a breakdown below 0.7738 support would indicate that the upside movement had completed at 0.7809 already, then the following downside movement could take price back to 0.7600 zone.
Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.
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