AUDUSD Daily Analysis – January 11, 2018

AUDUSD broke above 0.7874 resistance, suggesting that the uptrend from 0.7501 has resumed. Further rise could be expected and next target would be at 0.7950 area. Key support is now at 0.7807, only a breakdown below this level could signal completion of the uptrend.

AUDUSD 4-hour chart