Since then, sellers have remained in control. Attempts to correct higher on Tuesday and Thursday were capped at the 100-hour MA, reinforcing its role as a strong dynamic resistance. The inability to push back above this level keeps the bearish bias intact.
Key levels to watch:
Support: • Key floor: 0.6406 • Below that: 0.6387 to 0.6391 (swing area)
Resistance: • 100-hour MA/200 hour/200 day MA (currently near 0.6445-48) • Swing zone: 0.6493–0.6500
As long as price holds below the 100-hour MA, sellers remain in control, with the downside risk building on a break of 0.6406. A move above the 100-hour MA and MA cluster near 0.6445 to 0.6448 would be needed to shift short-term sentiment.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about audusd technical outlook sellers stay in control but 0 6406 forms a solid floor 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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