That swing area, which previously acted as strong resistance (see green numbered circles), has now flipped to support. Price action above this zone reflects a positive shift in sentiment. Just above, the pair has been fluctuating around the 200-day moving average at 0.6461, suggesting some buyer hesitation. Still, the recent move back above this level leans the bias more firmly in favor of buyers.
On the downside, a move back below the 200-day MA, followed by a drop through 0.6429–0.6444, would weaken the bullish outlook and likely invite further selling pressure.
0.6461 – 200-day moving average (currently being broken)
0.6500+ – Opens the door even further above the natural resistance
0.6444–0.6429 – Key swing area (now acting as support)
Below 0.6429 – Bias shifts bearish; opens risk toward broader downside levels
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about audusd holds support above 100 hour ma as bulls eye december highs was published today ( ) 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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