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AUDUSD Daily Analysis – Friday, April 20

By Kurt Osterberg · On April 20, 2018

AUDUSD broke below 0.7738 key support, suggesting that the upside movement from 0.7642 had completed at 0.7813 already.

Further decline could be expected after a minor consolidation and next target would be at 0.7650 area. Resistance levels are at 0.7760 and 0.7813, only break above these levels could trigger another rise towards 0.7850.

AUDUSD 4-hour chart

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Kurt Osterberg

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