AUDUSD: The pair fell sharply yesterday amid broad USD strength, pushing the price down to test its 100-day moving average, now at 0.64259. That level attracted buying interest, as it has consistently provided support since April 14. While the pair bounced modestly, sellers regained control during the European and U.S. sessions today, sending the price back toward the rising 100-day MA.
The current price trades at 0.64317, just above that key technical level. The 100-day MA remains a critical barometer—a successful hold could spark a larger rebound, while a sustained break below would open the door for further downside momentum.
Below the 100-day MA, key downside targets include:
0.6407 – Prior swing level support
0.63927 – 200-day moving average
0.63719 – June low
0.63546 – 38.2% retracement of the April-to-July rally and a key swing level
A move below these levels would incrementally erode bullish sentiment built since the April low and shift the technical bias more firmly in favor of sellers.
Getting below the 100 day moving average would be supportive of the sellers, but the 200 day and 38.2% retracement are equally as important if the sellers are to take more control..
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about audusd tests critical moving average signaling potential trend reversal 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.
Read More Details
Finally We wish PressBee provided you with enough information of ( AUDUSD tests critical moving average, signaling potential trend reversal )
Also on site :
- I Thought My Daughter Was a Good Kid, but a Certain Habit of Hers Disturbs Me
- The 2025 Billboard K-Pop Artist 100
- ‘It’s all because of Putin’: RT drops Christmas song spoof (AI VIDEO)