AUD/USD Intraday and Swing Trading Outlook for April 16

The Aud/Usd hit the EMA 200 and retraced about 100 pips to the downside. It is finding strong support at 1.03500 right now. If the price creates a green candle on the 4 h chart, I will try new longs with target the 1.0550 and 1.0600 area for now.

In case the price moves under 1.0330, I will look for setups on lower time frames, like the 5 min chart and try to trade the range. Stops always under/over previous support/resistance lines of course!

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