AUDUSD Daily Analysis – January 13, 2020

AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 0.7031 had completed at 0.6848 already. Further rally would likely be seen in a couple of days and the target would be at 0.6950 area. Support is at 0.6848, only a breakdown below this level could trigger another fall towards 0.6800.

AUDUSD 4-hour chart