AUDUSD Daily Analysis – April 1, 2015

AUDUSD is facing 0.7560 support, a breakdown below this level will indicate that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed, then the following downward movement could bring price to 0.7000 area. Resistance is at 0.7700, above this level will indicate that lengthier sideways movement in a range between 0.7560 and 0.7938 is underway, then further rise to 0.7850 area could be seen.

audusd chart