AUDUSD Daily Analysis – April 16, 2019

AUDUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 0.7052. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 0.7250 area. Key support is at 0.7115, only a breakdown below this level could bring the price back to 0.7000 area.

AUDUSD 4-hour chart