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      AUDUSD Shows Resilience, Bounces Off Key Moving Average

      The AUDUSD currency pair experienced a notable increase last week, reaching a peak of 0.71802 before undergoing a correction in today's trading session. This downward movement found support at the rising 100-hour moving average, currently positioned at 0.71407, where buyers stepped in to stabilize the price.

      Following this support, the AUDUSD has rebounded, climbing to a new session high near 0.7160. This successful test of the 100-hour moving average indicates that buyers remain in control, with the technical outlook favoring further upward movement as long as the price stays above this key level.

      The next significant target for the AUDUSD is last week's high at 0.71802. A breakthrough above this level could lead to further gains, potentially reaching the 0.71966 to 0.72007 range, and possibly extending towards the swing area between 0.72210 and 0.72283. Conversely, a decline below the 100-hour moving average could shift the bias to the downside, with traders eyeing the 61.8% retracement level at 0.71193 and the rising 200-hour moving average at 0.71131 as critical support zones.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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