AUDUSD Wednesday, January 27

The AUDUSD pair continues to fluctuate below 0.7819 and the short-term trend of the Australian dollar against the US dollar is neutral. As long as the $ 0.7641 support holds its position, one can expect another uptrend. In the eyes of buyers, a break of $ 0.7819 could trigger a big uptrend to the estimate of 61.8% of Fibonacci at $ 0.8170. However, in the eyes of sellers, if the AUDUSD falls below $ 0.7641, the short-term market trend will decline to support at $ 0.741.