AUDUSD’s bullish movement from 0.7571 extended to as high as 0.7834. Near term support is at 0.7790, as long as this level holds, the uptrend could be expected to continue and next target would be at 0.8000 area. On the downside, a breakdown below 0.7790 support will indicate that consolidation of the bullish movement is underway, then the pair will find support at around 0.7760.
