AUD/USD Daily Analysis – Friday, Feb. 1

AUD/USD remains in the uptrend from 0.7075, the pullback from 0.7295 is likely consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7350 area. Only a breakdown below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart

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