AUDUSD Daily Analysis – May 8, 2020

AUDUSD broke above 0.6475 resistance, suggesting that the uptrend from 0.5507 has resumed. Further rise could be expected in the coming days and next target would be at 0.6600 area. Key support is at 0.6372, only break below this level could signal completion of the uptrend.

AUDUSD 4-hour chart