AUDUSD Weekly Analysis – January 7, 2018

AUDUSD continued its upside movement from 0.7501 to as high as 0.7874, facing 0.7897 resistance. A break above this level could trigger further upside movement towards 0.8124 previous high. Near term support is at 0.7800, only break below this level will indicate that consolidation for the uptrend is underway, then deeper decline to 0.7650 area could be seen.

AUDUSD daily chart