AUDUSD Daily Analysis – April 24, 2017

AUDUSD broke above 0.7550 resistance, indicating that the downward movement from 0.7610 had completed at 0.7491 already. The pair is now in uptrend from 0.7491. Further rise could be expected and next target would be at 0.7650 area. Support is at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

AUDUSD chart