AUDUSD Weekly Analysis – February 2, 2019

AUDUSD broke above 0.7235 resistance, suggesting that the upside movement from 0.6765 has resumed. Further rise would likely be seen in the coming days and next target would be at 0.7400 area. The key support is at 0.7075, only a breakdown below this level could signal completion of the uptrend.

AUDUSD daily chart