AUDUSD Daily Analysis – May 10, 2018

AUDUSD’s downside movement from 0.7813 extended to as low as 0.7412. Further decline is still possible after a minor consolidation and next target would be at 0.7300 area. Resistance levels are at 0.7500 and 0.7560, only break above these levels could signal completion of the downtrend.

AUDUSD 4-hour chart