AUDUSD has been trading in a higher top higher bottom formation since the month of November, further the pair is also trading above the 20-day SMA indicating the trend to be positive. On 21st December the pair made a long legged doji and found support at the 20-day SMA suggesting support at lower levels. It would be prudent to say that the currency pair could rise towards 0.7585 and 0.7615 while it sustains above 0.7500.
Technical Analysis Team
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