AUDUSD Daily Analysis – Wednesday, Jan. 16

AUDUSD is in consolidation for the uptrend from 0.6765.

Range trading between 0.7100 and 0.7235 would likely be seen in a couple of days. 

Support is at 0.7100, as long as this level holds, the upside movement could be expected to resume, a break of 0.7235 resistance could trigger another rise towards 0.7300.

AUDUSD 4-hour chart

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