AUDUSD Daily Analysis – May 25, 2020

AUDUSD is facing 0.6500 support. As long as this level holds, the pullback from 0.6615 could be treated as consolidation for the uptrend from 0.6401, and another rise towards 0.6700 is possible after the consolidation. On the other side, a breakdown below 0.6500 support could signal completion of the uptrend, then another fall towards 0.6372 support could be seen.

AUDUSD 4-hour chart