The AUDUSD is pressing to new lows as the North American session closes and the Asian Pacific session begins. The latest drop pushed the pair below a key confluence of support — the swing area between 0.6588–0.6598, the 38.2% retracement at 0.6595, and the 200-hour moving average at 0.6588. That zone, now broken, shifts into near-term resistance, and staying below it keeps the bias tilted more bearish.
On the downside, the next focus is the 50% retracement and swing area near 0.6560, followed by the 100-day moving average at 0.6527. These levels mark the next checkpoints for sellers aiming to extend control.
The video above talks to the technicals in more detail.
