AUDUSD: The pair fell sharply yesterday amid broad USD strength, pushing the price down to test its 100-day moving average, now at 0.64259. That level attracted buying interest, as it has consistently provided support since April 14. While the pair bounced modestly, sellers regained control during the European and U.S. sessions today, sending the price back toward the rising 100-day MA.
The current price trades at 0.64317, just above that key technical level. The 100-day MA remains a critical barometer—a successful hold could spark a larger rebound, while a sustained break below would open the door for further downside momentum.
Below the 100-day MA, key downside targets include:
UNLOCK EXCLUSIVE CONTENT
In this informer hub you will get only that which can help you grow financially and increase your knowledge. Subscribe by entering your email address. After that you will get the link to our WhatsApp channel, join it.
-
0.6407 – Prior swing level support
-
0.63927 – 200-day moving average
-
0.63719 – June low
-
0.63546 – 38.2% retracement of the April-to-July rally and a key swing level
A move below these levels would incrementally erode bullish sentiment built since the April low and shift the technical bias more firmly in favor of sellers.
Getting below the 100 day moving average would be supportive of the sellers, but the 200 day and 38.2% retracement are equally as important if the sellers are to take more control..
We are available on the following Websites.
- Gold Weekly Forecast: Sellers hesitate as weak jobs data undermines hawkish Fed toneFXStreet Forex & Commodities Analysis - 2 days agoGold (XAU/USD) stood under pressure for a large portion of the week before staging a decisive rebound on Friday.
- Forecasting the upcoming week: Focus shifts to the BoE and trade developmentsFXStreet Forex & Commodities Analysis - 2 days agoDespite Friday’s NFP-led slump, the US Dollar (USD) ended this week on a positive note, reversing the previous decline. It was a week dominated by…
- US Dollar Weekly Forecast: The good, the bad and the dissentersFXStreet Forex & Commodities Analysis - 2 days agoThe US Dollar (USD) regained balance this week, setting aside the previous week’s losses and sending the US Dollar Index (DXY) back above the psychological…
- GBP/USD Weekly Outlook: Pound Sterling looks to BoE verdict after Fed’s hawkish holdFXStreet Forex & Commodities Analysis - 2 days agoThe Pound Sterling (GBP) resumed its downside against the US Dollar (USD), smashing GBP/USD to the lowest level in two months below 1.3200. Although the…
- EUR/USD Weekly Forecast: Surprise, surprise! NFP pushes Fed into the rate cut pathFXStreet Forex & Commodities Analysis - 2 days agoThe EUR/USD pair bottomed at 1.1391 on the first day of August, its lowest in over a month. The US Dollar (USD) found legs regardless…