AUDUSD Daily Analysis – April 27, 2018

AUDUSD’s downside movement from 0.7813 extended to as low as 0.7546. Further decline is still possible after a minor consolidation and next target would be at 0.7500 area. Key resistance is at 0.7620, only a breakout of this level could signal completion of the downtrend.

AUDUSD 4-hour chart