AUDUSD Daily Analysis – April 4, 2018

No changed in our view, AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 is likely consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 0.7642 support could take price to 0.7600 zone. Resistance is at 0.7710, only a break of this level could bring price back to 0.7760 zone.

AUDUSD 4-hour chart