AUDUSD Weekly Analysis – April 15, 2017

After touching 0.7490 support, AUDUSD rebounded to 0.7595, suggesting that the pair remains in uptrend from 0.7158, and the price action from 0.7740 could be treated as consolidation of the uptrend. Another rise to test 0.7778 resistance could be expected over the next several weeks. Only a clear break below 0.7490 support could signal completion of the uptrend.

AUDUSD chart