AUDUSD Daily Analysis – April 10, 2019

AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.7052. As long as the trend line support holds, the upside movement could be expected to continue and further rise to test 0.7168 resistance could be expected in the coming days, above this level would aim 0.7200. On the downside, a clear break below the trend line support would indicate that the upside movement had completed at 0.7152 already, then next target would be at 0.7000 area.

AUDUSD 4-hour chart