AUDUSD Weekly Analysis – January 5, 2020

AUDUSD is now in the uptrend from 0.6754. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at 0.7150 area. On the downside, a breakdown below the trend line support would indicate that the upside movement had completed at 0.7031 already, then another fall towards 0.6600 could be seen.

AUDUSD daily chart