AUD/USD Asia Price Forecast: Aussie eyeing the May’s eyes, trades near 0.6550 level

AUD/USD is trading off the May’s highs.
The level to beat for bulls is the 0.6550 resistance.

Flavio Tosti Independent Analyst

AUD/USD four-hour chart

AUD/USD consolidates the recent gains while off the May’s highs. The aussie is trading just below the 0.6550 resistance and above the main SMAs while the bias remains tilted in favor of bulls in the medium-term. However, the spot will need a sustained break above the 0.6550 level for a potential retest of the May’s highs near the 0.6600 figure en route towards the 0.6700 level. On the other hand, support can emerge near the 0.6500 and 0.6480 levels.

Resistance: 0.6550, 0.6600, 0.6700

Support: 0.6500, 0.6480, 0.6400

Additional key levels

AUD/USD

Overview
Today last price	0.6546
Today Daily Change	0.0009
Today Daily Change %	0.14
Today daily open	0.6537

Trends
Daily SMA20	0.6489
Daily SMA50	0.6286
Daily SMA100	0.6495
Daily SMA200	0.6661

Levels
Previous Daily High	0.6578
Previous Daily Low	0.6506
Previous Weekly High	0.6617
Previous Weekly Low	0.641
Previous Monthly High	0.657
Previous Monthly Low	0.598
Daily Fibonacci 38.2%	0.6533
Daily Fibonacci 61.8%	0.655
Daily Pivot Point S1	0.6502
Daily Pivot Point S2	0.6468
Daily Pivot Point S3	0.643
Daily Pivot Point R1	0.6575
Daily Pivot Point R2	0.6613
Daily Pivot Point R3	0.6647

Author

Flavio Tosti

Independent Analyst

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