AUDUSD remains in the uptrend from 0.7642, the fall from 0.7809 could be treated as consolidation for the uptrend.
As long as 0.7738 support holds, the uptrend could be expected to resume and a breakout of 0.7809 resistance could trigger further upside movement towards 0.7850. However, a breakdown below 0.7738 support would indicate that the uptrend had completed at 0.7809 already, then another fall towards 0.7600 could be seen.
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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