AUDUSD Daily Analysis – Wednesday, May 27

AUDUSD broke above 0.6615 resistance, suggesting that the uptrend from 0.6401 has resumed.

Further rising could be expected and next target would be at 0.6800 area. Near term support is at 0.6600, a breakdown below this level could bring the price back towards 0.6500.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.