AUDUSD Daily Analysis – March 26, 2020

AUDUSD extended its upside movement from 0.5507 to as high as 0.6073. Further rally would likely be seen in a couple of days and next target would be at 0.6200 area. Near term support is at the bottom of the rising price channel on the 4-hour chart, only break below the channel support could trigger another fall towards 0.5500.

AUDUSD 4-hour chart