AUDUSD Daily Analysis – April 18, 2017

AUDUSD remains in uptrend from 0.7473, the price action from 0.7595 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 0.7700 area. Support is at 0.7535, only break below this level will indicate that the uptrend had completed at 0.7610 already, then the following downward movement could bring price to 0.7400 area.

AUDUSD chart