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26 May 2020
AUD/USD Price Analysis: Aussie rises to 12-week highs, trades off 0.6650 level
- AUD/USD is near its highest level since the 10th of March of this year.
- The level to beat for bulls is the 0.6650 resistance.
AUD/USD four-hour chart
AUD/USD breaks to fresh 12-week highs on broad-based USD weakness. The aussie is trading just below the 0.6650 resistance and above the main SMAs while the market capitalizes on the positive momentum. However, the spot will need a sustained break above the 0.6650 level for a potential run towards the 0.6700 and 0.6780 levels. On the flip side, support can emerge near the 0.6600, 0.6550 and 0.6500 levels.
Resistance: 0.6650, 0.6700, 0.6780
Support: 0.6600, 0.6550, 0.6500
Additional key levels