AUDUSD Weekly Analysis – January 5, 2019

AUDUSD’s downside movement from 0.7393 had completed at 0.6765 already. Further rally would likely be seen in the coming days and next target would be at 0.7300 area. Near term support is at 0.7000, below this level could bring the price back to 0.6850 area.

AUDUSD daily chart