AUDUSD Weekly Analysis – April 19, 2020

AUDUSD extended its upside movement from 0.5507 to as high as 0.6444, facing the resistance at the falling trend line on the daily chart, a breakout of the trend line resistance could trigger further upside movement to 0.6800 area. Near term support is at 0.6200, a breakdown below this level could bring the price back towards 0.5800.

AUDUSD daily chart