AUDUSD Daily Analysis – January 19, 2017

AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds the fall from 0.7568 could be treated as consolidation of the uptrend from 0.7159, and further rise to 0.7700 area is still possible. Key support is at 0.7448, only break below this level could signal completion of the uptrend.

audusd chart