AUD/USD Price Analysis: Aussie bullish recovery stays intact, nearing 0.6400 figure

 

 

AUD/USD is having a strong bullish recovery while holding on above the 0.6300 figure and the 50 SMA on the daily chart. 

 

 

 

AUD/USD stays tilted to the upside while above the main SMAs while the spot is making higher highs and higher lows. As the recovery is intact the spot can break 0.6407/0.6427 resistance zone opening the doors to further gains towards the 0.6500 price level. Support can be seen near the 0.6354 and 0.6313 levels.