AUDUSD Daily Analysis – January 15, 2018

AUDUSD extended its upside movement from 0.7501 to as high as 0.7939. Support levels are at 0.7845 and 0.7807. As long as these levels hold, the upside movement could be expected to continue and next target would be at 0.8000 area. Only a breakdown below 0.7807 key support could signal completion of the uptrend.

AUDUSD 4-hour chart