AUDUSD Daily Analysis – January 20, 2017

AUDUSD failed to break below the upward trend line on 4-hour chart, and continued its upward movement from 0.7159. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.7700 area. Key support is at 0.7448, only break below this level could signal completion of the uptrend.

audusd chart