AUDUSD Daily Analysis – April 14, 2020

AUDUSD’s upside movement from 0.5979 extended to as high as 0.6431. 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 0.6500 area, only break below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart