AUD/USD Price Analysis: Aussie on the verge of breaking to fresh 9-week highs

 

AUD/USD is accelerating and challenging the May’s highs near 0.6570 level while trading above the main SMAs on the four-hour chart. However, a failure here can mean a reversion towards the 0.6500 figure. On the other hand, a sustained break on a daily closing basis can yield further gains towards the 0.6700 and 0.6790 price levels. Support can emerge near 0.6500 and 0.6400 levels in the medium-term.