AUD/USD mid-April’s daily chart is painting an improving picture for the Aussie, as FXStreet’s analyst Yohay Elam notes.
Key quotes
“AUD/USD daily chart is somewhat mixed. While momentum remains positive, it is waning. The currency pair surpassed the 50-day SMA but remained well below the 100 and 200 SMAs.”
“Support awaits at 0.6260, which provided support in late April. It is closely followed by 0.6215, which capped AUD/USD in late March.”
“Resistance is at 0.64, a round mark, and also a stubborn cap in late April. The monthly high of 0.6450 is critical resistance.”
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