AUDUSD rebounds as buyers reclaim key moving averages
The AUDUSD has shifted tone over the past 24 hours, transitioning from defensive trade below resistance to a more constructive technical posture. After spending much of yesterday pinned beneath its 200-hour moving average, the pair has now forced its way back above both the 100- and 200-hour MAs, tilting the short-term bias modestly higher.
Yesterday: Sellers lean against the 200-hour MA
During yesterday’s session, rallies consistently stalled near the 200-hour moving average. The pair tested that level multiple times at prior swing highs, but each attempt was met with willing sellers. That repeated failure reinforced the idea that sellers were defending trend resistance.
There was also a brief break below the rising 100-bar moving average on the 4-hour chart, a level that has acted as dynamic support in recent weeks. However, downside momentum faded quickly. The move stalled well ahead of last week’s low near 0.7014, with the session low only reaching 0.7025 before buyers stepped back in.
That inability to press toward the broader range floor signaled that downside conviction was lacking.
Today: Buyers regain short-term control
In the Asian-Pacific session, the technical tone improved materially. The pair pushed above both the 100-hour and 200-hour moving averages, flipping those levels from resistance into support. Once above, buyers showed commitment.
Momentum carried the price through a key swing area between 0.7094 and 0.70988, and then above Monday’s high near 0.7111. The rally extended to 0.71165, marking a fresh near-term high.
However, upside momentum stalled at that level. The pair has since rotated lower, but importantly, it remains above the rising 100- and 200-hour moving averages (currently near 0.7066). As long as price holds above that cluster, buyers retain the short-term technical edge.
What needs to happen next?
For the bullish case to strengthen, the pair must:
Reclaim and hold above 0.7094–0.70988
Build momentum back toward 0.7116
Then target the 2026 high at 0.71464
Sustained trade above 0.7099 would confirm that today’s pullback was merely corrective. From there, traders will increasingly focus on the year’s high at 0.71464 as the next major upside objective.
On the downside, a move back below the rising 100- and 200-hour MAs would weaken the short-term bullish structure and likely invite a rotation back toward the mid-range of the broader three-week consolidation.
