- AUD/USD bullish recovery stays intact as the Fed leaves rates unchanged.
- The level to beat for buyers is the 0.6570 resistance.
- Market participants shift their focus on the FOMC press conference
AUD/USD four-hour chart
AUD/USD is trading in six-week highs as the bullish recovery from mid-March remains intact. The spot is holding above the 0.6500 figure and the main SMAs on the four-hour charts as the Fed left its interest rate unchanged. Earlier the US GDP came in worse-than-expected contracting 4.8% in the first quarter of this year.
The buyers are likely looking for a breakout of the 0.6570 level en route toward the 0.6660 level and 0.6770 levels. On the flip side, AUD/USD should meet support near 0.6500, 0.6445 and the 0.6400 figure.
Resistance: 0.6570, 0.6660, 0.6770
Support: 0.6500, 0.6445, 0.6400
Additional key levels
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