AUD/USD Price Analysis: Aussie recovery stays intact, trades above 0.6400 figure

 

 

 

AUD/USD bullish recovery remains intact as aussie/dollar is trading in one-month highs while breaking above the 0.6400 figure and the 50 SMA on the daily time frame.

 

 

 

AUD/USD is trading above its main SMAs on the four-hour chart suggesting an upward bias in the medium term. The break above the 0.6400 figure can introduce scope to a bullish continuation of the bull run towards the 0.6500 and 0.6600 figures. On the flip side, support can emerge near the 0.6300,  0.6200 and 0.6100 levels on any pullback.