AUDUSD Daily Analysis – January 16, 2020

AUDUSD is facing 0.6919 resistance, a breakout of this level could trigger further upside movement from 0.6848 to 0.6950 area. Near term support is at 0.6875, a breakdown below this level would indicate that the downtrend from 0.7031 has resumed, then next target would be at 0.6800 area.

AUDUSD 4-hour chart