AUDUSD pushes higher and tests key resistance zone near 2025 highs | Forexlive

The AUDUSD has been on a strong run higher and is now pressing up against a critical resistance zone defined by multiple technical barriers. The pair is currently testing the double top highs near 0.6390, last seen in March and early April, and edging closer to the 2025 high of 0.6407.

This area presents a major test for buyers. A break above 0.6407 would open the door for a broader bullish extension, potentially targeting the 0.6427 area which starts with the 50% midpoint of the move down from the September 2024 high. Above that is a swing area up to 0.6444.

The upside push has been supported by a clean break above the cluster of moving averages, including the 100-bar MA on the 4-hour chart, 200-bar MA, and 100-day MA (at 0.62907 currently). The 100 day MA was broken on March 17 and again on April 2 and April 3 but each failed and rotated back lower. Staying above the 100-day MA at 0.62907 is required to keep the buyers in firm control.

If buyers can push through the 0.6390 and then 0.6407 high, it would confirm a strong shift in technical control. On the downside, any failure here could see a retreat toward the 0.6340–0.6320 swing area support region, ahead of the 100 day MA.

For now, momentum is with the bulls—but the battle at the top is just beginning.