AUDUSD Daily Analysis – April 18, 2019

AUDUSD’s upside movement from 0.7052 extended to as high as 0.7205. As long as the price is in the price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7250 area. Key support is at 0.7139, a breakdown below this level could bring the price back to 0.7000 area.

AUDUSD 4-hour chart