AUDUSD Daily Analysis – April 25, 2018

AUDUSD remains in the downtrend from 0.7813, the bounce from 0.7576 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and a breakdown below 0.7576 support could take the price to 0.7500 area. Resistance is at 0.7650, only break above this level could signal completion of the downtrend.

AUDUSD 4-hour chart