AUDUSD Daily Analysis – April 23, 2018

AUDUSD’s downside movement from 0.7813 extended to as low as 0.7655, facing the support level at 0.7642. A breakdown below this level could take the price to 0.7500 area. Resistance is at 0.7700, as long as this level holds, the downtrend will continue.

AUDUSD 4-hour chart