Home AUD/USD Price Analysis: Aussie bullish recovery stays intact, nearing 0.6400 figure
FXStreet News

AUD/USD Price Analysis: Aussie bullish recovery stays intact, nearing 0.6400 figure

FX Street
Published date:
  • AUD/USD is nearing the April’s high near 0.6445 level.
  • The level to beat for bulls is the 0.6407/0.6427 resistance zone. 
 

AUD/USD daily chart

 
AUD/USD is having a strong bullish recovery while holding on above the 0.6300 figure and the 50 SMA on the daily chart. 
 

AUD/USD four-hour chart

 
 
AUD/USD stays tilted to the upside while above the main SMAs while the spot is making higher highs and higher lows. As the recovery is intact the spot can break 0.6407/0.6427 resistance zone opening the doors to further gains towards the 0.6500 price level. Support can be seen near the 0.6354 and 0.6313 levels.
 
 
Resistance: 0.6407, 0.6427, 0.6500
Support: 0.6354, 0.6313, 0.6260
 

Additional key levels

 

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026