AUDUSD Daily Analysis – April 3, 2015

AUDUSD broke below 0.7560 support, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.7400 area. Resistance is at 0.7700, as long as this level holds, the downtrend from 0.7938 will continue.

audusd chart