AUDUSD Daily Analysis – April 26, 2018

AUDUSD extended its downside movement from 0.7813 to as low as 0.7552. Key resistance is now at 0.7620, as long as this level holds, the downtrend could be expected to continue and further decline to 0.7500 area is possible. Only a breakout of 0.7620 resistance could signal completion of the downtrend.

AUDUSD 4-hour chart