The short-term trend of the Australian dollar is falling

The downtrend started at 0.6,660 and the short-term trend of the Australian dollar against the US dollar is down. Support of 0.7164 is the next target of AUDUSD.

In the eyes of buyers, if the pair crosses above the slight resistance of 0.7492, the short-term trend of AUDUSD will rise to the level of 0.7660. A definite break in this rate could push the market to a high of 0.8006.

* Technical H4 analysis of AUDUSD

* Technical daily analysis of AUDUSD