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AUD/USD update (19th April 2017, 12:00)

AUD/USD facing big drops.

AUD/USD facing big drops.

Heavy declines over the past two days raise the prospect of another test of the $0.7495 area. This was key support earlier in April and also in early March.

A break below here suggests a move to the April low at $0.7473, but below this we would have to look to $0.7364 and $0.7310. Meanwhile, any intraday rally has to break $0.7562 and then $0.7610 to put AUD/USD on a more bullish footing. 


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AUD/USD update (19th April 2017, 12:00)

AUD/USD facing big drops.

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