The AUDUSD is starting the week on stronger footing, benefiting from broad U.S. dollar weakness following Friday’s Moody’s downgrade of the U.S. sovereign credit rating.
From a technical perspective, the AUDUSD has extended above both the 100-hour (0.64228) and 200-hour (0.64327) moving averages, signaling a more bullish bias in the short term. The price has been waffling above and below those MAs as the price action consolidates near highs for the year (and going back to November 2024 – not shown). The pair is also currently testing the 200-day moving average at 0.64558, a critical hurdle for further upside momentum.
With the bullish tone strengthening, traders are now eyeing the next resistance zone between 0.6493 and 0.65135—the upper extreme from earlier in 2025. A break above that area would mark a key technical victory and open the path to broader upside potential.
Key levels to watch:
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Support: 0.64327 (200-hour MA), 0.64228 (100-hour MA)
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Resistance: 0.64558 (200-day MA), then 0.6493–0.65135 (2025 high area)
Holding above the rising moving averages keeps the buyers in control, with a close above the 200-day MA likely to encourage further bullish momentum.
