AUDUSD Weekly Analysis – Sunday, Jan. 19

AUDUSD is now in the downtrend from 0.7031,  a further decline would likely be seen and a breakdown below 0.6848 support could trigger further downside movement towards 0.6700.

Near term resistance is at 0.6940, only break above this level could bring the price back towards 0.7000.

AUDUSD daily chart

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