AUDUSD Daily Analysis – April 20, 2017

AUDUSD is facing 0.7473 support, a breakdown below this level will confirm that the downtrend from 0.7749 has resumed, then the following downward movement could bring price to 0.7300 area. Near term resistance is at 0.7535, only break above this level could trigger another rise towards 0.7650.

AUDUSD chart