AUDUSD rally meets resistance at 100-day moving average

Two distinct moving averages are defining support and resistance for AUDUSD, setting the boundaries for bulls and bears.

Monday marked the weekly low.

From Monday's low around 0.6970, the pair climbed as buyers reclaimed a known swing zone between 0.6989 and 0.6994.

This region has seen repeated tests, making it a key technical level. Previously acting as resistance, it now serves as potential support after being broken to the upside.

The breakout paved the way for a push to the 100-day moving average at 0.7032.

Bulls attempted the move, but sellers met them at the moving average.

Sellers lean against the 100-day MA

The 100-day MA was tested on Wednesday, meeting resistance, and sellers returned to that level again on Thursday.

Selling at this level offers a clear risk management point. Remaining below favors sellers seeking a drop; breaking and holding above would undermine that bearish case.

If 0.7032 is breached and held, the next targets would be:

• 0.70447: an intervening chart level.
• 0.70506: the 200-day moving average.
• 0.70654: the 50% midpoint of the September-to-October decline.

Clearing the 100-day MA would mark progress for bulls, but the 200-day MA remains a higher hurdle.

Buyers defend the 100-hour MA below

Bulls are finding support at the 100-hour moving average.

Thursday and Friday saw pullbacks halt near the 100-hour MA at 0.7008, providing a tight risk level for bulls betting on further upside.

Holding above is bullish; a breakdown below could lead to a drop toward:

• 0.6989–0.6994: the swing area.
• 0.6984: the rising 200-hour moving average.

Dropping below these supports would reverse much of the week's gains for bulls.

The current range is clear: sellers cap at the 100-day MA above, buyers hold at the 100-hour MA below. Traders await a decisive push.