AUDUSD Daily Analysis – April 29, 2020

AUDUSD extended its upside movement from 0.6253 to as high as 0.6529. Further rise would likely be seen and next target would be at 0.6650 area. Near term support is at 0.6460, a breakdown below this level could bring the price back towards the bottom of the rising price channel on the 4-hour chart.

AUDUSD 4-hour chart