AUD/USD extended its downside movement from 0.8124, facing a support level at 0.7535. As long as the pair is below the falling trend line on the daily chart, the downside move can be expected to continue and next target would be at 0.7328.
On the upside, a clear break above the trend line resistance could bring price back to next resistance level at 0.7729. A breakout of this level will confirm that the downtrend is complete, then next target would be at 0.7897.
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