FX.co ★ AUD/USD Update for December 10, 2021 - Watch for the upside continuation

Technical analysis:

AUD/USD has been trading in well defined sideways base but in the short-term upside trend, which is sign that there is potential for the continuation.

Trading recommendation:

Due to the well defined upside trend, watch for buying opportunities on the upside breakout of the sideways base.

Upside targets are set at the price of 0,7185 and 0,7225

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside continuation.

Support level is set at the price of 0,7118