AUDUSD Weekly Analysis – April 26, 2020

AUDUSD is testing the resistance at the falling trend line on the daily chart. A breakout of the trend line resistance could take the price to 0.6800 area. Near term support is at 0.6200, a breakdown below this level would indicate that the upside movement had completed at 0.6444 already, then deeper decline towards 0.5800 could be seen.

AUDUSD daily chart