AUDUSD Weekly Analysis – April 13, 2019

AUDUSD broke above the falling price channel on the daily chart, suggesting that the downside movement from 0.7295 had completed at 0.7003 already. Further rally could be expected in a couple of weeks and next target would be at 0.7300 area. Support is located at the rising trend line, only a breakdown below this trend line could trigger another fall towards 0.6950.

AUDUSD daily chart