20 May 2020
AUD/USD Price Analysis: Aussie breaks to fresh multi-week highs, nearing 0.6600 figure
- AUD/USD is trading in fresh May’s highs on the third day of the trading week.
- The level to beat for bulls is the 0.6600 resistance.
AUD/USD four-hour chart
AUD/USD is gaining steam while trading at its highest since early March. The spot is trading in fresh May’s highs while nearing the 0.6600 figure. As bulls remain in control a break above the mentioned level can lead to further strength towards the 0.6700 and 0.6790 levels. On the other hand, support can emerge near the 0.6570 and 0.6500 levels in the medium-term.
Resistance: 0.6600, 0.6700, 0.6790
Support: 0.6570, 0.6500, 0.6400
Additional key levels