AUDUSD capped by 100-day MA, support test underway ...Middle East

From a technical perspective, the latest move lower has taken the price down to a key confluence of support:

The 100-bar moving average on the 4-hour chart

This zone is currently being tested and represents a potential pivot for the short-term bias.

Break below the current support area (around 0.6224) would increase bearish pressure and target the next support near 0.61779 down to 0.61608 (50% and swing area)

With the broader trend still biased to the downside and repeated failures at the 100-day MA, sellers maintain short term control — but this support zone is key.

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

Hence then, the article about audusd capped by 100 day ma support test underway was published today ( Friday 11/04/2025 - 06:24 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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