AUDUSD Daily Analysis – April 26, 2017

AUDUSD is forming a triangle pattern on 4-hour chart. Support is at 0.7491, a breakdown below this level will indicate that the downtrend from 0.7749 has resumed, then further following downward movement could bring price to 0.7400 area. Resistance is at 0.7586, a break of this level will confirm that the downtrend from 0.7749 had completed at 0.7473 already, then the following rebound could bring price to 0.7650 zone.

AUDUSD chart