AUDUSD Daily Analysis – January 29, 2018

AUDUSD’s upside movement from 0.7501 extended to as high as 0.8135. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and a breakout of 0.8135 resistance could take price to 0.8200 area. Only a clear break below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart