The rebound has since taken the pair back above the 100-hour and 200-hour moving averages, both converging near 0.6425, which now represent close support and a barometer for short-term bull/bear bias.
In summary, the last four sessions show a market respecting well-defined technical boundaries:
Resistance formed near the 200-day MA (~0.6454)
Key levels:
Resistance: 0.6454 (200-day MA), 0.6469
Fundamentally , yesterday the Reserve Bank of Australia cut its cash rate to 3.85% from 4.10%, as widely expected, citing easing inflation and a more balanced risk outlook. While headline inflation may temporarily rise, underlying inflation is projected to stay near the midpoint of the 2–3% target range. The RBA noted recovering domestic demand and persistent labor market tightness, but flagged growing uncertainty from global trade tensions and tariffs. Despite the rate cut, the Board remains cautious and emphasized that monetary policy will remain responsive to evolving economic risks both at home and abroad.
The cut did help to send the pair lower yesterday to the support target, but rallied into the close. Today, the declines from yesterday have been retraced.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about audusd technical update topside resistance near 200 day ma puts a lid on the pair 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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