AUDUSD Weekly Analysis – April 2, 2017

AUDUSD remains in uptrend from 0.7158, the price action from 0.7740 could be treated as consolidation of the uptrend. As long as 0.7490 support holds, the uptrend could be expected to resume, and further rise to 0.8000 area is still possible. Only break below 0.7490 support will indicate that the uptrend is complete, then the following downward movement could bring price back to 0.7200 zone.

AUDUSD chart