AUDUSD Daily Analysis – March 31, 2020

AUDUSD remains in the uptrend from 0.5507. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 0.6199 could be treated as consolidation for the uptrend and further rise to 0.6400 area is still possible after the consolidation. On the downside, a breakdown below the trend line support would suggesting that the upside movement is complete, then the pair would find next support level at 0.5864.

AUDUSD 4-hour chart