AUDUSD Daily Analysis – April 3, 2019

AUDUSD broke below 0.7056 support, suggesting that the upside movement from 0.7003 had completed at 0.7168 already. Further decline could be expected in the coming days and next target would be at 0.7000 area. Resistance is located at the falling trend line on the 4-hour chart, only break above the trend line resistance could trigger another rise towards 0.7200.

AUDUSD 4-hour chart