AUD/USD Price Analysis: Aussie consolidates gains, trades above 0.6550 level

AUD/USD is retreating slightly this Thursday as bulls are taking a breather.
Support can be seen near the 0.6550 level.

Flavio Tosti Independent Analyst

AUD/USD four-hour chart

AUD/USD is consolidating its recent gains while trading off the May’s highs. The quote is currently holding just above the 0.6550 level and the main SMAs while maintaining a bullish bias in the medium-term. However, buyers will need a clear break above the 0.6600 figure which can lead to more gains towards the 0.6700 level and above. On the other hand, support is expected to hold near the 0.6550 and 0.6500 levels.

Resistance: 0.6600, 0.6700, 0.6790

Support: 0.6550, 0.6500, 0.6400

Additional key levels

AUD/USD

Overview
Today last price	0.6567
Today Daily Change	-0.0031
Today Daily Change %	-0.47
Today daily open	0.6598

Trends
Daily SMA20	0.6472
Daily SMA50	0.6273
Daily SMA100	0.6503
Daily SMA200	0.6663

Levels
Previous Daily High	0.6617
Previous Daily Low	0.6524
Previous Weekly High	0.6562
Previous Weekly Low	0.6401
Previous Monthly High	0.657
Previous Monthly Low	0.598
Daily Fibonacci 38.2%	0.6581
Daily Fibonacci 61.8%	0.656
Daily Pivot Point S1	0.6542
Daily Pivot Point S2	0.6487
Daily Pivot Point S3	0.6449
Daily Pivot Point R1	0.6635
Daily Pivot Point R2	0.6673
Daily Pivot Point R3	0.6728

Author

Flavio Tosti

Independent Analyst

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