AUDUSD Daily Analysis – January 11, 2019

AUDUSD continued its upside movement from 0.6765 and the rise extended to as high as 0.7204. Further rise is still possible after a minor consolidation and next target would be at 0.7300 area. Near term support is at 0.7140, below this level could bring the price back to 0.6900 area.

AUDUSD 4-hour chart