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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.
 

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 price0.6567
Today Daily Change-0.0031
Today Daily Change %-0.47
Today daily open0.6598
 
Trends
Daily SMA200.6472
Daily SMA500.6273
Daily SMA1000.6503
Daily SMA2000.6663
 
Levels
Previous Daily High0.6617
Previous Daily Low0.6524
Previous Weekly High0.6562
Previous Weekly Low0.6401
Previous Monthly High0.657
Previous Monthly Low0.598
Daily Fibonacci 38.2%0.6581
Daily Fibonacci 61.8%0.656
Daily Pivot Point S10.6542
Daily Pivot Point S20.6487
Daily Pivot Point S30.6449
Daily Pivot Point R10.6635
Daily Pivot Point R20.6673
Daily Pivot Point R30.6728

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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