AUDUSD Daily Analysis – April 7, 2017

AUDUSD stays below the descending trend line on 4-hour chart and remains in downtrend from 0.7679. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would be at 0.7500 area. Key resistance is at 0.7590, only break above this level could signal completion of the downtrend.

AUDUSD chart