AUDUSD Daily Analysis – Thursday, April 9

AUDUSD broke above 0.6213 resistance, suggesting that the uptrend from 0.5507 has resumed. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.6400 area.

Key support is at 0.6115, a breakdown below this level could trigger another fall towards 0.5900.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.