14.05 - AUD/USD: Attention is on support at 0.6430
- by George Solotarov
AUD/USD is finding nearby support at the channel at 0.6430 but remains capped by the 0.6570 high. To reinvigorate upside interest AUD/USD will need to regain the 0.6570 recent high, and this looks to currently be a tall order. We would allow for further slippage to the 55-day ma at 0.6303.
Above 0.6570 we look for a test of the 0.6670/84 March high and 200-day moving average where we would expect it to struggle.