AUDUSD Daily Analysis – January 16, 2019

AUDUSD is in consolidation for the uptrend from 0.6765. Range trading between 0.7100 and 0.7235 would likely be seen in a couple of days. Support is at 0.7100, as long as this level holds, the upside movement could be expected to resume, a break of 0.7235 resistance could trigger another rise towards 0.7300.

AUDUSD 4-hour chart