AUDUSD Daily Analysis – April 6, 2015

AUDUSD is now in downtrend from 0.7938, the rise from 0.7532 is likely consolidation of the downtrend. Further decline could be expected, and next target would be at 0.7400 area. Resistance is at 0.7700, as long as this level holds, the downtrend will continue.

audusd chart