AUDUSD Daily Analysis – Monday, May 11

AUDUSD is facing 0.6569 resistance, a breakout of this level could trigger further upside movement towards 0.6600.

AUDUSD is facing 0.6569 resistance, a breakout of this level could trigger further upside movement towards 0.6600.

Near term support is at 0.6485, a breakdown below this level could bring the price back towards the bottom of the price channel on the 4-hour chart.

AUDUSD 4-hour chart

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