AUDUSD Daily Analysis – April 2, 2020

AUDUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 0.5507 had completed at 0.6213 already. Deeper decline would likely be seen and next target would be at 0.5900 area. Resistance is at 0.6213, only break above this level could trigger another rise towards 0.6500.

AUDUSD 4-hour chart