AUDUSD Daily Analysis – April 30, 2019

AUDUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 0.7205 had completed at 0.6988 already. Further rally could be expected in the coming days and next target would be at 0.7120 area. Near term support is at 0.7020, only break below this level could trigger another fall towards 0.6950.

AUDUSD 4-hour chart