AUDUSD Daily Analysis – May 25, 2018

AUDUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 0.7412. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 0.7700 area. Key support is at 0.7522, a breakdown below this level would indicate that the uptrend had competed at 0.7605 already, then deeper decline towards 0.7400 could be seen.

AUDUSD 4-hour chart