AUDUSD Daily Analysis – April 1, 2019

AUDUSD move sideways in a trading range between 0.7056 and 0.7168. As long as 0.7056 level holds, the price action in the range could be treated as consolidation for the uptrend from 0.7003, further rise towards 0.7200 area is still possible after the consolidation. On the downside, a breakdown below 0.7056 support would indicate that the upside movement had completed at 0.7168 already, then further decline towards 0.7000 area could be seen.

AUDUSD 4-hour chart