24 Apr 2020
AUD/USD Price Analysis: Aussie clings to weekly tops, bullish
- AUD/USD bullish recovery remains intact.
- The level to beat for bulls is the 0.6400 resistance.
AUD/USD daily chart
AUD/USD is stabilizing as the bullish recovery originating from mid-March is intact. The market is holding above the 0.6300 figure and the 50 SMA on the daily chart.
AUD/USD four-hour chart
AUD/USD is parked below the 0.6400 figure while trading above the main SMAs. A break above the mentioned level shall open the gates to more gains towards the 0.6445 and 0.6570 levels. On the flip side, support can emerge near the 0.6350, 0.6260 and 0.6200 price levels.
Resistance: 0.6400, 0.6445, 0.6570
Support: 0.6350, 0.6260, 0.6200
Additional key levels