AUDUSD Daily Analysis – January 21, 2015

AUDUSD is in short term uptrend from 0.8032, the fall from 0.8294 is likely consolidation of the uptrend. Further rise to 0.8350 area to complete the upward movement is possible. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could trigger another fall towards 0.7500.

audusd chart