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

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.

This article was written by Greg Michalowski at www.forexlive.com.