AUDUSD Daily Analysis – April 1, 2020

AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.5507. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 0.6400 area. On the downside, only break below the trend line support could bring the price back to 0.5900 area.

AUDUSD 4-hour chart