AUDUSD Daily Analysis – April 21, 2020

AUDUSD continued its sideways movement in a trading range between 0.6263 and 0.6444. The price action in the range is likely consolidation for the uptrend from 0.5507, another rise to 0.6600 area would likely be seen after the consolidation. On the downside, a breakdown below 0.6263 support would indicate that the uptrend had completed at 0.6444 already, then the pair would find next support level at around 0.6150.

AUDUSD 4-hour chart