AUDUSD Daily Analysis – April 26, 2019

AUDUSD extended its downside movement from 0.7205 to as low as 0.6988. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue 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