AUDUSD Daily Analysis – April 5, 2018

AUDUSD broke above 0.7710 resistance, suggesting that lengthier consolidation for the downtrend from 0.7916 is underway. Further rally is possible and the target would be at 0.7760 area. Support is at 0.7642, only a breakdown below this level could trigger another fall towards 0.7600.

AUDUSD 4-hour chart