AUDUSD Daily Analysis – January 19, 2018

AUDUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 0.8100 area. On the downside, a breakdown below 0.7936 support could bring price back to test the trend line support. A clear break below the trend line could signal completion of the uptrend.

AUDUSD 4-hour chart