AUDUSD Daily Analysis – January 20, 2015

AUDUSD remains in short term uptrend from 0.8032, one more rise to 0.8350 area is still possible. However, the rise is likely consolidation of the downtrend from 0.8910 (Oct 29, 2014 high), another fall towards 0.7500 could be expected after consolidation.

audusd chart