AUDUSD Daily Analysis – Thursday, Jan 11

By Staff of ForexCycle
Thursday, January 11, 2018 5:40 AM EDT

AUDUSD broke above 0.7874 resistance, suggesting that the uptrend from 0.7501 has resumed.

Further rise could be expected and next target would be at 0.7950 area.

Key support is now at 0.7807, only a breakdown below this level could signal completion of the uptrend.

AUDUSD 4-hour chart

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