AUDUSD Daily Analysis – January 2, 2020

AUDUSD’s upside movement from 0.6838 extended to as high as 0.7031. Further rise is still possible after a minor consolidation and next target would be at 0.7070 area. Near term support is at 0.6990, a breakdown below this level could bring the price back towards the bullish trend line on the 4-hour chart.

AUDUSD 4-hour chart