AUD/USD Daily Analysis – Thursday, Jan. 24

AUD/USD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7235. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 0.7100 area. Only break above the channel resistance could signal completion of the downtrend.

AUDUSD 4-hour chart

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