AUDUSD broke above the descending trend line 4-hour chart, indicating that the bearish movement from the March 21 high of 0.7749 had completed at 0.7328 already. The pair is now in uptrend. As long as the pair is above the rising trend line on 4-hour chart, the uptrend could be expected to continue, and next target would be at 0.7550 area. Key support is at 0.7388, only a breakdown below this level could trigger another fall towards 0.7250.
