AUD/USD: Why Recovery Above 0.7700 Could Be Difficult

Today's Key Highlights: AUD/USD is facing hurdles near the 0.7675 and 0.7700 levels. A major bearish trend line is forming with resistan...


Today's Key Highlights:

AUD/USD is facing hurdles near the 0.7675 and 0.7700 levels.

A major bearish trend line is forming with resistance near 0.7660 on the 4-hours chart.

EUR/USD recovered above 1.1850, while GBP/USD declined sharply from 1.3900.

The US Initial Jobless Claims in the week ending April 03, 2021 could decline from 719K to 680K.

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