AUDUSD Weekly Analysis – April 22, 2018

AUDUSD failed to breakout of the falling trend line on the daily chart, suggesting that the pair remains in the downtrend from 0.8135. A breakdown below 0.7642 support would indicate that the downside movement has resumed, then next target would be at 0.7500. The key resistance is now at 0.7813, only a breakout of this level could signal completion of the downtrend.

AUDUSD daily chart