AUD/USD Outlook (23 April 2020)

Overall, AUD/USD is trending upwards. Recently, AUD/USD moved higher, breaking above the key level of 0.63.
The Australian flash PMI data released earlier today were worse than forecasted. AUD weakened as a result.

• Flash Manufacturing PMI (Actual: 45.6, Previous: 49.7 revised from 50.1)
  
• Flash Services PMI (Actual: 19.6, Previous: 38.5 revised from 39.8)
  

Currently, AUD/USD is bouncing off the key level of 0.63. Its next support level is at 0.61800 and the next resistance level is at 0.64200.