- AUD / USD calls into question the May summits on the second day of the trading week.
- The level to beat for bulls is the resistance of 0.6570 on a daily closing basis.
AUD / USD four-hour chart
AUD / USD accelerates and challenges May highs near the 0.6570 level while trading above major SMAs on the four-hour chart. However, a failure here may mean a return to the figure of 0.6500. On the other hand, a sustained breakout on a daily closing basis can lead to further gains towards the price levels of 0.6700 and 0.6790. Support can emerge near the 0.6500 and 0.6400 levels in the medium term.
Resistance: 0.6570, 0.6700, 0.6790
Support: 0.6500, 0.6400, 0.6375