AUD/USD Weekly Analysis – Thursday, Jan. 10

AUD/USD’s upside movement from 0.6765 extended to as high as 0.7193. Near term support is at 0.7100, as long as this level holds, the upside movement could be expected to continue and next target would be at 0.7300 area. Only a breakdown below 0.7100 support could bring the price back to 0.6900 area.

AUDUSD 4-hour chart

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