AUDUSD Daily Analysis – April 4, 2017

AUDUSD is testing 0.7587 support, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then deeper decline to 0.7500 area could be seen. On the upside, as long as 0.7587 support holds, the fall from 0.7679 would possibly be correction of the uptrend from 0.7587 and another rise towards 0.7750 area could be expected.

AUDUSD chart