The AUDUSD has seen volatile two-way price action ahead of today’s FOMC rate decision, but the broader bias remains tilted to the upside. Over the past two weeks, buyers have leaned consistently against the rising 200-bar MA on the 4-hour chart (currently near 0.6462), reinforcing it as a critical support zone.
To the upside, the pair faces a firm ceiling between 0.65357 and 0.65536, marked by a series of swing highs. Multiple failed attempts to break above this area suggest strong selling interest, making it a key barrier to further bullish momentum.
A move above the ceiling zone would open the door for more sustained gains, while a break back below the 200-bar MA would shift bias more definitively to the downside and increase bearish momentum.
In between, sits the 100-bar moving average on 4-hour chart at 0.64848. That MA was a base for the price in trading today.
With the Fed decision looming, traders will be watching closely for any hawkish or dovish tone shift from Chair Powell that could help push AUDUSD out of this tightening range.
Key Resistance Levels:
0.65357–0.65536: Multi-point swing high ceiling area. Break above is more bullish.
Key Support Levels:
0.64848: 100-bar MA on the 4-hour chart (initial support)
0.64625: Rising 200-bar MA – key support for current bullish bias
0.64072: Prior swing low; move below here would strengthen bearish case
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about audusd trades between key support and ceiling ahead of fomc 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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