AUDUSD Daily Analysis – Wednesday, April 4


AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 is likely consolidation for the downtrend.

Another fall could be expected after the consolidation and a breakdown below 0.7642 support could take price to 0.7600 zone. Resistance is at 0.7710, only a break of this level could bring price back to 0.7760 zone.

AUDUSD 4-hour chart

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