Wednesday, 11 January 2017

AUDUSD Daily Analysis - January 12, 2017 Forex Analysis

AUDUSD continued its upward movement from 0.7159 and the rise extended to as high as 0.7471. Support is now located at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.7500 area. Only a clear break below the trend line support could signal completion of the uptrend.

audusd chart


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