AUD/USD Price Analysis: Aussie holds on above 0.6300 figure, bullish

 

AUD/USD consolidates the massive bullish recovery while holding on above the 0.6300 figure near the 50 SMA on the daily chart. 

 

 

 

AUD/USD remains firmly bullish above its main SMAs while the market is making higher highs and higher lows. The spot could break above the 0.6400/0.6450 price zone opening the gates for further advances towards the 0.6600 price level on the way up. Support can emerge near the 0.6260 level followed by the 0.6200 and 0.6100 figures.