AUDUSD Daily Analysis – January 26, 2017

AUDUSD’s upward movement from 0.7159 extended to as high as 0.7608. Further rise could be expected after a minor consolidation, and next target would be at 0.7700 area. Support is now at 0.7493, only break below this level will indicate that the uptrend had completed at 0.7608 already, then the following downward movement could bring price back to 0.7350 area.

audusd chart