The AUDUSD has been choppy today, swinging down, up, down, and back up again as traders test both sides of the range. On the downside, the pair continues to find support within a swing area between 0.6478 and 0.6481. On the topside, resistance remains firm near the falling 100-hour moving average and a swing zone between 0.6500 and 0.6505 — an area that has been tested and briefly broken several times in recent sessions, but each break has lacked follow-through, sending prices back lower.
The 0.6505 level is the key topside marker. A decisive break above could ignite bullish momentum, putting the 100-day moving average at 0.6532 in focus as the next target. Conversely, a move below 0.6478 would tilt the bias lower, exposing 0.64625 and then the weekly low at 0.6440. For now, traders are playing the range, awaiting a clear directional break.
