AUD/USD Weekly Analysis – Sunday, Jan. 13

AUD/USD extended its upside movement from 0.6765 to as high as 0.7235. A further rise is still possible in a couple of weeks and the next target would be at 0.7393 resistance.

Near term support is at 0.7150, below this level could bring the price back to 0.6900 area.

AUDUSD daily chart

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