AUDUSD Daily Analysis – April 8, 2019

AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.7168 had completed at 0.7052 already. Another rise towards 0.7200 would likely be seen in the coming days. Support is at 0.7052, below this level could trigger further downside movement towards 0.7000.

AUDUSD 4-hour chart