AUDUSD Daily Analysis – Friday, Jan. 4

AUDUSD is facing the resistance of the bearish trend line on the 4-hour chart. A break of the trend line resistance would confirm that the downside movement from 0.7393 had completed at 0.6765 already, then next target would be at 0.7100 area.

Near-term support is at 0.6970, below this level could bring the price back towards 0.6800.

AUDUSD 4-hour chart

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