AUD/USD Daily Analysis – Thursday, Jan. 17

AUD/USD’s pullback from 0.7235 extended to as low as 0.7161. Deeper decline is still possible and next target would be at 0.7100 area. As long as 0.7100 support holds, the pullback could be treated as consolidation for the uptrend from 0.6765, another rise towards 0.7300 is still possible after the consolidation.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.