AUDUSD Daily Analysis – April 25, 2019

AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.7205. Further decline is still possible after a minor consolidation and next target would be at 0.6950 area. Near term resistance is at 0.7035, a break of this level could bring the price back towards the trend line.

AUDUSD 4-hour chart