AUDUSD: Breaks Above The 0.6444 Zone

Forex Trades • Apr 28, 2020 at 6:30 PM EDT

AUDUSD looks to extend its upside pressure after breaking through the 0.6444 level. On the downside, support comes in at the 1.6444 level.

AUDUSD looks to extend its upside pressure after breaking through the 0.6444 level. On the downside, support comes in at the 1.6444 level. A cut through here will turn focus to the 0.6400 level and then the 0.6350 level. A violation will set the stage for a retarget of the 0.6300 level.

Conversely, resistance lies at the 0.6550 level where a breach will aim at the 0.6600 level. Below here will open the door for a run at the 0.6650 level and then the 0.6700 level. On the whole, AUDUSD faces further upside threats in the short term.

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