AUDUSD’s upside movement from 0.7020 extended to as high as 0.7344. Key support is at 0.7164, as long as this level holds, the upside movement could be expected to continue and next target would be at 0.7500 area. On the downside, a breakdown below 0.7164 support would suggest that the upside movement had completed at 0.7344 already, then another fall towards 0.7000 could be seen.
