AUDUSD Daily Analysis – March 27, 2020

AUDUSD’s upside movement from 0.5507 extended to as high as 0.6039. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue, and next target would be at 1.6200 area. Key support is at 0.5864, only a breakdown below this level could trigger another fall towards 0.5500.