The AUDUSD opened the Asian session with a modest downward drift, but that weakness was short-lived. Price action found solid footing near the swing level at 0.6495, a zone that has acted as both support and resistance in recent sessions. That level once again proved its technical relevance, drawing in buyers and halting the decline.
From there, momentum shifted to the upside, and the pair climbed above the 100-hour moving average (blue line on the chart), giving the bulls a technical boost. The rally continued toward the 200-hour moving average, which currently sits at 0.65339. That level also aligns with the lower boundary of a well-defined resistance zone between 0.6536 and 0.6542. Today’s high reached 0.6537 before sellers re-entered and capped the move.
Going forward, buyers will need to push above both the 200-hour MA and the broader resistance zone to open the path toward the July highs near 0.65947—the highest level for 2025 so far. Until then, the pair remains stuck in a familiar range.
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With sellers defending resistance and buyers stepping in near support earlier in the day, the early weekly range appears to be set. Support is firm at 0.6495, while resistance holds between 0.6534 and 0.6542. A break on either side will likely dictate the directional bias in the sessions ahead.
Key levels:
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Resistance: 0.6534–0.6542 (swing area + 200-hour MA)
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Support: 0.6507 (100 hour moving average). 0.6495 area (swing level going back to last Thursday)
This article was written by Greg Michalowski at investinglive.com.
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