- AUD/USD bullish recovery is taking a breather just below the 0.6300 level.
- Support can emerge near the 0.6260 level.
AUD/USD daily chart
AUD/USD is trading in 7-day lows below the main SMAs on the daily chart as the bullish recovery started in mid-March is taking a breather.
AUD/USD four-hour chart
AUD/USD is challenging the 0.6260 level while holding above the 100 and 200 SMAs retaining a bullish bias in the medium-term. Bulls see this as a buying opportunity as the bullish recovery is still in place. A potential bounce could find resistance near 0.6350 level while further weakness could open the gates to the 0.6200 figure and the 0.6140 level.
Resistance: 0.6350, 0.6450, 0.6570
Support: 0.6260, 0.6200, 0.6140
Additional key levels
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