AUDUSD Daily Analysis – January 23, 2020

AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 0.6933 had completed at 0.6826 already. Further rally could be expected in a couple of days and next target would be at 0.6900 area. Support is at 0.6826, only a breakdown below this level could trigger another fall towards 0.6750.

AUDUSD 4-hour chart