AUDUSD stays above a rising trend line on its 4-hour chart and remains in the uptrend from 0.7412. As long as the trend line support holds, the fall from 0.7605 could be treated as consolidation for the uptrend and a breakout of 0.7605 resistance could take the price to 0.7700 area. On the downside, a clear break below the trend line support would suggest that the upside movement had completed at 0.7605 already, then the following downside movement could bring the price back towards 0.7400.
