AUDUSD Daily Analysis – January 17, 2019

AUDUSD’s pullback from 0.7235 extended to as low as 0.7161. Deeper decline is still possible and next target would be at 0.7100 area. As long as 0.7100 support holds, the pullback could be treated as consolidation for the uptrend from 0.6765, another rise towards 0.7300 is still possible after the consolidation.

AUDUSD 4-hour chart