AUDUSD Daily Analysis – March 28, 2017

AUDUSD stays in the descending price channel on 4-hours chart and remains in downtrend from 0.7749. Further decline is still possible after a minor consolidation, and next target would be at 0.7550 area. Resistance is at 0.7648, only break above this level will indicate that the downtrend had completed at 0.7603 already, then another rise towards 0.7800 could be seen.

AUDUSD chart