FX.co ★ AUD/USD Price Movement For May 06, 2020

AUD/USD is now trying to reach the SELL Stop Liquidity Pool at 0.6374. If this level can be easily broken out, then this pair will have a high probability to continue the downward movement to 0.6338 as the first target and 0.6284 as the second target as long as the price does not rebound higher than the 0.6477 level.

The overall bias of AUD/USD is bearish.

(Disclaimer)