AUDUSD Daily Analysis – April 17, 2019

AUDUSD moved sideways in a trading range between 0.7115 and 0.7192. As long as the price is in the rising price channel on the 4-hour chart, the price action in the range could be treated as consolidation for the uptrend from 0.7052, further rise to 0.7250 area is still possible after the consolidation. 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