AUDUSD Daily Analysis – May 1, 2020

AUDUSD broke below 0.6480 support, suggesting that the short-term uptrend from 0.6253 had completed at 0.6569 already. Deeper decline could be seen and the target would be at the bottom of the price channel on the 4-hour chart. Resistance is at 0.6569, only break above this level could trigger another rise towards 0.6700.

AUDUSD 4-hour chart