AUDUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.7501 had completed at 0.7874 already. Further decline would likely be seen after a minor consolidation and next target would be at 0.7750 area. Near term resistance is at 0.7845, followed by 0.7874, only break above these levels could trigger another rise towards 0.7950.
