AUDUSD Daily Analysis – April 12, 2019

AUDUSD extended its upside movement from 0.7052 to as high as 0.7174, breaking above 0.7168 resistance. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7200 area. Key support is at 0.7109, only a breakdown below this level could bring the price back to 0.7000 area.

AUDUSD 4-hour chart