AUDUSD stalls at 200-day MA for second time this week

The AUDUSD continues to face strong resistance at the 200-day moving average, which capped rallies both on Monday and again today at the session high of 0.6457. Sellers leaned into that level, keeping upside momentum in check and maintaining the bearish pressure.

On the downside, a cluster of moving averages, all broken on the move lower, sits between 0.6419 and 0.6437 and now acts as a key resistance zone. This area includes:

• The 200-hour MA at 0.64376

• The 100-hour MA at 0.64254

• The 100-bar MA on the 4-hour chart at 0.6419

After the fall, the low price reached 0.6401, just above the psychological 0.6400 level, where support buyers emerged. However, the rebound stalled at 0.6422, unable to reclaim the broken MAs—giving sellers a short-term advantage below this cluster.

To shift the bias back to the upside, the pair needs to sustain a move above 0.6437, and then break through the 200-day MA at 0.6457. That would open the door toward 0.6513, the high for the year.

Conversely, a break below 0.6400 could see further downside toward the next support at 0.6388, followed by the broader swing area between 0.6321 and 0.63437. Beyond that, key support targets include:

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.