AUD/USD Outlook (25th January 2019)

• AUD/USD broke support and key levels
  
• World Economic Forum Annual Meetings Day 3
  

Price Movement
Since yesterday, AUD/USD has been bearish and had moved downwards for around 70pips.

Trend
AUD/USD is currently trending downwards.

Macro Background
No major news.

Important Issue
Day 3 of the World Economic Forum annual meeting. Comments made by highly influential figures may cause market volatility.

Technical
Yesterday, AUD/USD broke the support level of 0.71339 and the key level of 0.71.
Currently, AUD/USD is hovering just below 0.71.

Price Levels
Current Price: 0.70847
Next Resistance: 0.71339
Next Support: 0.70548