AUDUSD Daily Analysis – January 4, 2018

AUDUSD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 0.7501. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at 0.7900 area. Only a clear break below the channel support could signal completion of the uptrend.

AUDUSD 4-hour chart