AUDUSD Daily Analysis – April 11, 2017

AUDUSD remains in downtrend from 0.7679. Further decline could be expected after a minor consolidation and next target would be at 0.7400 area. Near term resistance is at the descending trend line on 4-hour chart, as long as the pair is below the trend line, the downtrend will continue. Key resistance is at 0.7550, only break above this level could signal completion of the downtrend.

AUDUSD chart