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  • AUD/USD is challenging the May’s highs on the second day of the trading week. 
  • The level to beat for bulls is the 0.6570 resistance on a daily closing basis.

 

AUD/USD four-hour chart

 
AUD/USD is accelerating and challenging the May’s highs near 0.6570 level while trading above the main SMAs on the four-hour chart. However, a failure here can mean a reversion towards the 0.6500 figure. On the other hand, a sustained break on a daily closing basis can yield further gains towards the 0.6700 and 0.6790 price levels. Support can emerge near 0.6500 and 0.6400 levels in the medium-term.
 
 
 
Resistance: 0.6570, 0.6700, 0.6790
Support: 0.6500, 0.6400, 0.6375
 

Additional key levels