AUDUSD Daily Analysis – May 21, 2020

AUDUSD extended its upside movement from 0.6401 to as high as 0.6615. Further rise would likely be seen 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