AUDUSD Daily Analysis – May 29, 2020

AUDUSD moved sideways in a trading range between 0.6567 and 0.6680. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend from 0.6401, further rise to 0.6750 area is possible. Key support is at 0.6567, only break below this level could trigger another fall towards 0.6372 support.

AUDUSD 4-hour chart