AUDUSD Weekly Analysis – January 24, 2016

AUDUSD remains in downtrend from 0.7385, the rise from 0.6826 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation and next target would be at 0.6500 area. Near term resistance is at 0.7050, only break above this level could bring price back to test 0.7439 key resistance.

audusd chart