AUDUSD Daily Analysis – May 14, 2019

AUDUSD is facing the support of the falling price channel on the 4-hour chart. Rebound could be expected in the coming days, a breakout of 0.6960 resistance could take the price to the top of the channel. However, as long as the channel resistance holds, the downside movement from 0.7205 could be expected to continue, further decline to 0.6900 area is still possible.

AUDUSD 4-hour chart