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Aussie bullish recovery stays intact, nearing 0.6400 figure

  • AUD/USD is nearing the April’s high near 0.6445 level.
  • The level to beat for bulls is the 0.6407/0.6427 resistance zone. 

 

AUD/USD daily chart

 

AUD/USD is having a strong bullish recovery while holding on above the 0.6300 figure and the 50 SMA on the daily chart. 

 

AUD/USD four-hour chart

 

 

AUD/USD stays tilted to the upside while above the main SMAs while the spot is making higher highs and higher lows. As the recovery is intact the spot can break 0.6407/0.6427 resistance zone opening the doors to further gains towards the 0.6500 price level. Support can be seen near the 0.6354 and 0.6313 levels.

 

 

Resistance: 0.6407, 0.6427, 0.6500

Support: 0.6354, 0.6313, 0.6260

 

Additional key levels

 

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