AUDUSD Daily Analysis – May 3, 2017

AUDUSD is in short term uptrend from 0.7439. Further rise could be expected after a minor consolidation and the target would be at the top of the price channel on 4-hour chart. Support is at 0.7510, only break below this level will indicate that the short term uptrend is complete, then another fall towards 0.7300 could be seen.

AUDUSD chart