Technical analysis of AUD/USD 05/22/2020

The AUD/USD currency pair found resistance at 0.6600, breaking MA100 on the daily chart. Currently, the price is consolidating around 0.6550. The technical analysis suggests the continuation of an uptrend with a target in the region of 0.7000. Confirmation of the bullish signal will be the growth and consolidation above MA200 and the level of 0.6700. Cancellation of the upward trend will be a decline below the previous minimum of 0.6400.

Created by Joshua Hayn

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