From there, momentum shifted to the upside, and the pair climbed above the 100-hour moving average (blue line on the chart), giving the bulls a technical boost. The rally continued toward the 200-hour moving average, which currently sits at 0.65339. That level also aligns with the lower boundary of a well-defined resistance zone between 0.6536 and 0.6542. Today’s high reached 0.6537 before sellers re-entered and capped the move.
With sellers defending resistance and buyers stepping in near support earlier in the day, the early weekly range appears to be set. Support is firm at 0.6495, while resistance holds between 0.6534 and 0.6542. A break on either side will likely dictate the directional bias in the sessions ahead.
Resistance: 0.6534–0.6542 (swing area + 200-hour MA)
Support: 0.6507 (100 hour moving average). 0.6495 area (swing level going back to last Thursday)
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about audusd struggles to extend gains as resistance holds 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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