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  • AUD/USD is retreating slightly this Thursday as bulls are taking a breather.
  • Support can be seen near the 0.6550 level.

AUD/USD four-hour chart

AUD/USD is consolidating its recent gains while trading off the May’s highs. The quote is currently holding just above the 0.6550 level and the main SMAs while maintaining a bullish bias in the medium-term. However, buyers will need a clear break above the 0.6600 figure which can lead to more gains towards the 0.6700 level and above. On the other hand, support is expected to hold near the 0.6550 and 0.6500 levels.
Resistance: 0.6600, 0.6700, 0.6790
Support: 0.6550, 0.6500, 0.6400

Additional key levels