AUD/USD stays below a bearish trend line on the daily chart and remains in the downtrend from 0.8124. As long as the price is below the trend line, the rise from 0.7624 could be treated as consolidation of the downtrend.
Further decline could be expected after the consolidation and a breakdown below 0.7624 support could take the price to the next support level at 0.7535. Only a clear break above the trend line resistance could signal completion of the downtrend.
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