AUDUSD Daily Analysis – April 27, 2020

AUDUSD is facing 0.6444 resistance. As long as the price is in the rising price channel on the 4-hour chart, the upside movement from 0.5507 could be expected to continue and next target would be at 0.6600 area. Key support is at 0.6253, only break below this level could signal completion of the uptrend.

AUDUSD 4-hour chart