AUDUSD broke above the resistance of the bearish trend line on its daily chart, indicating that the downside movement from 0.7749 had completed at 0.7328 already. Further rally is possible over the next several weeks and next target would be at around 0.7700. Support levels are at 0.7400 and 0.7328, only break below these levels could trigger another fall towards the December 2016 low of 0.7158.
