AUDUSD Daily Analysis – May 20, 2020

AUDUSD broke above 0.6569 resistance, suggesting that the uptrend from 0.5507 (Mar 19 low) has resumed. Further rise could be expected in the coming days and next target would be at 0.6700 area. Near term support is at 0.6500, a breakdown below this level could trigger another fall towards 0.6372 support.

AUDUSD 4-hour chart