AUDUSD Daily Analysis – April 19, 2017

AUDUSD broke below 0.7535 support, indicating that the upward movement from 0.7473 had completed at 0.7610 already. Deeper decline to test 0.7473 support could be expected, a breakdown below this level will confirm that the downtrend from 0.7749 has resumed, then further decline to 0.7300 area could be seen.

AUDUSD chart