AUDUSD buyers make a play to the upside. Can they keep the momentum going? | Forexlive

The AUDUSD initially found resistance at its 100-hour moving average yesterday before breaking above it late in the session. In today’s Asia-Pacific session, the pair tested and held support at the 100-hour MA, leading to a bounce. Buyers pushed the price toward the 200-hour moving average, where initial selling pressure emerged. However, after a modest pullback, renewed buying strength took the pair above the 200-hour MA, triggering another wave of upside momentum.

Support now shifts to the 200-hour MA at 0.62861—staying above this level keeps the bullish bias intact. On the upside, the next key resistance is a swing area between 0.6326 and 0.6336. A break above this zone would open the door for further upside momentum, with buyers eyeing the 100-day moving average and the long-term target at 0.63822.

In the video above, I break down these technical levels and explain their significance—especially in volatile markets where clear technical markers help traders navigate price action effectively.