AUD/USD Weekly Analysis – Wednesday, Jan. 9

AUD/USD extended its upside movement from 0.6765 to as high as 0.7171. Further rise is still possible and next target would be at 0.7300 area. Near term support is at 0.7100, a breakdown below this level could bring the price back to 0.6900 area.

AUDUSD 4-hour chart

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