AUDUSD Daily Analysis – January 18, 2017

AUDUSD continued its upward movement from 0.7159 and the rise extended to as high as 0.7568. Near term support is at upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.7700 area. Key support is at 0.7448, only break below this level could signal completion of the uptrend.

audusd chart