AUDUSD Daily Analysis – April 6, 2020

AUDUSD remains in the downtrend from 0.6213 and the fall extended to as low as 0.5979. Further decline would likely be seen and next target would be at 0.5900 area. Near term resistance is at 0.6075, only break above this level could trigger another rise towards 0.6500.

AUDUSD 4-hour chart