AUDUSD Daily Analysis – April 28, 2020

AUDUSD broke above 0.6444 resistance, suggesting that the upside movement from 0.5507 has resumed. Further rise could be expected in a couple of days and next target would be at 0.6600 area. Near term support is at 0.6410, below this level could bring the price back towards the bottom of the rising price channel on the 4-hour chart. Key support is at 0.6253, only break below this level could signal completion of the uptrend.

AUDUSD 4-hour chart