AUDUSD Daily Analysis – Monday, April 2


AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 could be treated as consolidation for the downtrend.

Another fall could be expected after the consolidation and next target would be at 0.7600 area. 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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