AUDUSD Technical Analysis Report 23 January, 2026
AUDUSD currency pair can be expected to rise to the next long-term resistance level 0.6930 (former yearly high from 204 and the target price calculated for the completion of the active impulse wave c).
- AUDUSD broke resistance zone
- Likely to rise to major resistance level 0.6930
AUDUSD currency pair recently broke the resistance zone between the resistance level 0.6765 (which reversed the price at the start of January) and the resistance trendline of the daily up channel from May. The breakout of this resistance zone accelerated the active short-term impulse wave c, which belongs to the intermediate ABC correction 2 from last April. The breakout of the resistance level resistance level 0.6765 signals the acceleration of the active daily uptrend.
Given the powerful daily uptrend, significant US dollar outflows and the strongly bullish Australian dollar sentiment seen today, AUDUSD currency pair can be expected to rise to the next long-term resistance level 0.6930 (former yearly high from 204 and the target price calculated for the completion of the active impulse wave c).
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