AUDUSD slips back below key moving average as sellers lean on resistance zone | Forexlive

After a sharp move lower on Monday in the AUDUSD that saw the price of the pair move to the high of a swing area between 0.6355 and 0.63719, buyers stepped, helping to propel the AUDUSD higher.

The sharp rally helped by peace in the Middle East, saw the pair move back above the 200-bar MA on the 4-hour chart and the 100 bar MA on the same chart, found upside resistance ahead of a well-defined swing area ceiling for 2025 between 0.65357 and 0.65516. Sellers have repeatedly leaned over the past several sessions. That area has now rejected price action on multiple tests, reinforcing its importance as a technical ceiling.

Despite the upside attempt, today’s price action has turned lower. The pair fell back below the 100-bar moving average on the 4-hour chart at 0.64926, and if the price can stay below, will now eye support from the 200-bar MA at 0.64658. A move below this zone would shift the bias more clearly back to the downside and re-open the door toward the broader support at 0.6407 and below that, a swing area near 0.63719–0.6355.

For now, the bias remains cautious with short-term resistance confirmed at the 0.65357–0.65516 zone and moving average support levels now in play.

Key levels:

• Resistance:
  
  • 0.64926 – 100-bar MA (now broken)
  
  • 0.65357–0.65516 – multi-test swing high zone

• Support:
  
  • 0.64658 – 200-bar MA (4H chart)
  
  • 0.63719–0.6355 – swing area base where Monday’s buyers stepped in

The failure at the highs and the slip below the 100-bar MA place the AUDUSD in a vulnerable position unless dip buyers can defend the 200-bar MA on the 4-hour chart.

Later this year,
ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.