AUDUSD Daily Analysis – January 26, 2018

AUDUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the trend line support holds, the fall from 0.8118 could be treated as consolidation of the uptrend. Further rise could be expected after the consolidation and a breakout of 0.8118 resistance could trigger another rise towards 0.8200. The key support is at 0.7956, only a breakdown below this level could signal completion of the uptrend.

AUDUSD 4-hour chart