AUDUSD’s downward movement from 0.7555 extended to as low as 0.7328. Further decline is still possible and next target would be at 0.7280 area. Key resistance is at 0.7426, only a break above this level will indicate that the downward movement had completed at 0.7328 already, then the pair will find resistance at the descending trend line on 4-hour chart.
