AUDUSD Weekly Analysis – May 10, 2020

AUDUSD is now in the uptrend from 0.5507. As long as 0.6250 support holds, the upside movement could be expected to continue and next target would be at 0.6800 area. On the downside, a breakdown below 0.6250 support would indicate that the upside movement had completed at 0.6569 already, then another fall towards 0.5700 could be seen.

AUDUSD daily chart