AUDUSD Daily Analysis – Monday, Jan. 14

AUDUSD stays above the bullish trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 0.6765.

As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 0.7300 area. Key support is at 0.7140, below this level could bring the price back to 0.6900 area.

AUDUSD 4-hour chart

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