AUDUSD Daily Analysis – February 1, 2019

AUDUSD remains in the uptrend from 0.7075, the pullback from 0.7295 is likely consolidation for the uptrend. 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 next target would be at 0.7350 area. Only a breakdown below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart