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Forex market analysis

January 2019

AUDUSD Analysis 11.01.2019

AUDUSD is resuming its positive trading session to begin attempts to surpass our first target of 0.7200 and get positive support from SMA 50, which will enhance chances of further upside in the coming sessions, where our next target is at 0.7335.

Therefore, we are waiting for further bullishness for the day provided stability above 0.7145.

The trading range for today is among the key support at 0.7145 and resistance at 0.7280

Support and resistance:

Support: 0.7142-0.7044

Resistance: 0.72430.7367

The general trend for today is bullish

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