AUDUSD Daily Analysis – May 3, 2019

AUDUSD is facing 0.6988 support, a breakdown below this level could signal resumption of the downtrend from 0.7205, then further decline to 0.6900 area could be seen. Near term resistance is at 0.7015, a break of this level could bring the price back towards 0.7068 resistance.

AUDUSD 4-hour chart