AUD/USD hits a high of 0.6454, the highest level since 12 March
Price is now testing daily resistance from the 14 April high @ 0.6445 as well as the 61.8 retracement level of the swing move lower since the start of the year @ 0.6451.
Those will be the key levels to watch in the sessions ahead. A firm break above those levels will open up the path towards testing the 100-day MA (red line) next @ 0.6577.
As we get the week going, the dollar is on the back foot amid better risk tones with US futures racing to session highs just under 1% ahead of European trading.
That is helping the aussie to keep a solid advance, with better virus developments and possibly sooner economic reopening helping to fuel the run higher in the currency as well.
