The AUDUSD has been trading in a choppy up-and-down range today, but pressure is building as the North American session sees fresh intraday lows. The decline has taken the pair back toward yesterday’s low and a swing area between 0.65389 and 0.6544.
A break below that zone would open the door for further downside confirmation, with traders eyeing the 100-day moving average at 0.65314 as the next target. Just below, the 61.8% retracement of the rally from the August low at 0.65257 adds another key hurdle. Taken together, those levels mark a critical support cluster that, if broken, would tilt the bias more firmly bearish. Key area for both buyers and sellers.
In the video above, I break down the technicals driving this pair into the end of the trading week. Sellers are starting to make a move, but key support levels could slow the downside momentum. I also highlight the areas that would give buyers more confidence if reclaimed, outlining the critical decision points for traders on both sides.
