AUDUSD Daily Analysis – Wednesday, April 18

AUDUSD moved sideways in a trading range between 0.7738 and 0.7809. As long as 0.7738 support holds, the uptrend from 0.7642 could be expected to continue and next target would be at 0.7850 area.

On the downside, a breakdown below 0.7738 would indicate that the upside movement had completed at 0.7809 already, then the following downside movement could bring the price back towards 0.7600.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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