AUDUSD Daily Analysis – April 5, 2017

AUDUSD broke below 0.7587 support, indicating that the downtrend from 0.7749 has resumed. Further decline would be expected and next target would be at 0.7500 area. Near term resistance is located at the descending trend line on 4-hours chart, as long as the pair is below the trend line, the downtrend will continue.

AUDUSD chart