AUDUSD Daily Analysis – April 9, 2020

AUDUSD broke above 0.6213 resistance, suggesting that the uptrend from 0.5507 has resumed. 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 0.6400 area. Key support is at 0.6115, a breakdown below this level could trigger another fall towards 0.5900.

AUDUSD 4-hour chart