AUD/USD Daily Analysis – Tuesday, Jan. 22

AUD/USD’s fall from 0.7235 extended to as low as 0.7140. Deeper decline is still possible and next target would be at 0.7100 area. As long as 0.7100 support holds, the uptrend could be expected to resume, a break of 0.7235 resistance could trigger another upside movement towards 0.7300.

AUDUSD 4-hour chart

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