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.

Flavio Tosti Independent Analyst

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

AUD/USD

Overview
Today last price	0.659
Today Daily Change	0.0053
Today Daily Change %	0.81
Today daily open	0.6537

Trends
Daily SMA20	0.6458
Daily SMA50	0.6271
Daily SMA100	0.6507
Daily SMA200	0.6664

Levels
Previous Daily High	0.6585
Previous Daily Low	0.651
Previous Weekly High	0.6562
Previous Weekly Low	0.6401
Previous Monthly High	0.657
Previous Monthly Low	0.598
Daily Fibonacci 38.2%	0.6556
Daily Fibonacci 61.8%	0.6538
Daily Pivot Point S1	0.6503
Daily Pivot Point S2	0.6468
Daily Pivot Point S3	0.6427
Daily Pivot Point R1	0.6578
Daily Pivot Point R2	0.662
Daily Pivot Point R3	0.6654

Author

Flavio Tosti

Independent Analyst

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