AUDUSD Daily Analysis – April 21, 2017

AUDUSD remains in downtrend from 0.7610, the rise from 0.7491 is likely consolidation of the downtrend. Further decline to test 0.7473 support is possible, and a breakdown below this level will signal resumption of the downtrend from 0.7749, then next target would be at 0.7300 area. Resistance is at 0.7550, only break above this level could trigger another rise towards 0.7650.

AUDUSD chart