AUD/USD rally from 0.6400 extends to two-month highs above 0.6600. Australian dollar appreciates, boosted by a positive market mood. The risk-sensitive Australian dollar is being one of the best performers on Wednesday. The Aussie is rallying for its third consecutive day, buoyed by a positive market mood on investors’ hopes of a recovery from the pandemic shutdown, which has boosted the pair from Friday’s lows near 0.6400 to levels 2.6% higher, reaching prices past 0.6570 for the first time since early March. Daily charts show the par bullish, after having breached the 100-day SMA, which worked as resistance on previous upside attempts and might now offer support at 0.6500 area. On the upside, if the pair confirms above previous resistance levels at 0.6570 (April 30, May 11 highs), it might find resistance at the 0.6665/85 area (200-day SMA and March 9 high) and beyond that at 0.6755/75 (Feb. 5, 12 highs). On the downside, below the 100-day SMA, now around 0.6500, the pair might find support at 0.6400 (May 15 low) and 0.6250 (April 21 low). AUD/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin dumps as a rumour goes round that Satoshi Nakamoto moved coins FX Street 2 years AUD/USD rally from 0.6400 extends to two-month highs above 0.6600. Australian dollar appreciates, boosted by a positive market mood. The risk-sensitive Australian dollar is being one of the best performers on Wednesday. The Aussie is rallying for its third consecutive day, buoyed by a positive market mood on investors' hopes of a recovery from the pandemic shutdown, which has boosted the pair from Friday’s lows near 0.6400 to levels 2.6% higher, reaching prices past 0.6570 for the first time since early March. Daily charts show the par bullish, after having breached the 100-day SMA, which worked as resistance on previous upside attempts… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
