AUDUSD Daily Analysis – January 12, 2017

AUDUSD continued its upward movement from 0.7159 and the rise extended to as high as 0.7471. Support is now located at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.7500 area. Only a clear break below the trend line support could signal completion of the uptrend.

audusd chart