AUDUSD is facing 0.7426 key resistance. As long as this level holds, the rise from 0.7328 could be treated as consolidation of the downtrend from 0.7610 and further decline to 0.7250 area could be expected after the consolidation. On the upside, a break of 0.7426 resistance will indicate that lengthier consolidation for the downtrend is underway, then the pair will find resistance at the descending trend line on 4-hour chart.
