Technical analysis of AUD/USD 04/30/2020

The AUD/USD pair broke through the key resistance of 0.6450 (the intersection of the trend line and 61.8% Fibo). Currently, the price is consolidating around 0.6550 (MA100 on the daily chart). The technical analysis suggests that the upward correction in the daily period has developed into an upward movement with a target in the area of 0.7000. The divergence on the RSI indicator appears In favor of continued growth. Cancellation of the bullish signal will be a decrease in the pair below the previous minimum of 0.6250.

AUDUSD_STPDaily

Created by Joshua Hayn

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