The AUDUSD is dipping below the 0.6327–0.6336 swing area, which initially served as support in December before shifting to resistance. After breaking above on February 14, this zone has acted as support twice over the past week, including yesterday and today.
The latest low reached 0.6325, with the current price near 0.6330, showing limited downside momentum so far. However, if sellers keep the price below 0.6336, a sharper decline could follow.
Targets on the downside include"
The rising 100-bar moving average on the 4-hour chart comes in at 0.6306. There is a swing area down to 0.6287 andThe rising 200 bar moving average on the 4-hour chart and 0.6267.All of those levels are downside targets on increased momentum.
A decline in U.S. stocks often fuels risk-off sentiment, weighing on this currency pair. While the Dow is flat, the S&P 500 is down 0.80%, and the NASDAQ has dropped 1.60%.
Despite lower yields—10-year Treasury down 10.02 bps to 4.29%—the dollar remains firm against commodity currencies like the AUD, NZD, and CAD, which typically show less sensitivity to falling yields. Today, the dollar is gaining against all three.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about audusd dips below swing area support 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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