AUDUSD Daily Analysis – April 17, 2020

AUDUSD rebounded strongly from 0.6263, suggesting that the fall from 0.6444 had completed. Further rise would likely be seen and next target would be at 0.6444 resistance, followed by 0.6550 area. Support is at 0.6263, only break below this level could trigger another fall towards 0.6100.

AUDUSD 4-hour chart