AUDUSD Weekly Analysis – January 21, 2018

AUDUSD continued its upside movement from 0.7501 and the rise extended to as high as 0.8038. Further rise is still possible next week and next target would be at 0.8124 resistance. Near term support is at 0.7936, only a breakdown below this level will indicate that consolidation for the uptrend is underway, then the pair would find next support level at 0.7805.

AUDUSD daily chart