AUDUSD Weekly Analysis – April 28, 2019

AUDUSD broke below the rising trend line on the daily chart, suggesting that the upside movement from 0.7003 had completed at 0.7205 already. Further decline could be expected in the coming days and next target would be at 0.6900 area. Resistance is at 0.7090, a break of this level could trigger another rise towards 0.7300.

AUDUSD daily chart