The AUD/USD pair has been trending downwards since Friday, the 23rd of March 2016, with the bears leading the price from as high as 0.7680 to as low as 0.7528.
Today, the pair dropped from as high as 0.7649 to as low as 0.7528. In the event that the buyers manage to move higher and break above 0.7564, the pair could reach 0.7586 and 0.7605 in extension.
Conversely, if the price breaks successfully below 0.7523, the pair could decelerate down to 0.7486.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.