The AUDUSD is once again struggling at familiar resistance near its 100-day moving average. Earlier today, the pair moved higher but stalled just shy of the 100-day MA — a level that also capped rallies in February and saw two failed breakouts in March. Sellers leaned against it again, reinforcing the barrier and shifting momentum back to the downside.
From a technical perspective, the latest move lower has taken the price down to a key confluence of support:
The 61.8% retracement of the move up from the February low
The 100-bar moving average on the 4-hour chart
A prior swing area (see red numbered circles)
This zone is currently being tested and represents a potential pivot for the short-term bias.
What’s next?
Break below the current support area (around 0.6224) would increase bearish pressure and target the next support near 0.61779 down to 0.61608 (50% and swing area)
Hold and bounce from this area could see another push higher — but bulls would need to clear the 100-day MA near 0.63935 to flip the bias more convincingly
With the broader trend still biased to the downside and repeated failures at the 100-day MA, sellers maintain short term control — but this support zone is key.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about audusd capped by 100 day ma support test underway 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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