Merchants within the AUDUSD have pushed the worth of the pair larger within the US session and within the course of, examined the swing degree beginning again in August 2023 close to 0.6524, and in addition it is 100 bar shifting out on the 4-hour chart at 0.65238. That degree is a resistance goal that must be damaged to offer the patrons extra confidence that the low is in place.
Earlier immediately, the worth fell beneath the low costs from final week close to 0.6486, however couldn’t maintain momentum towards the subsequent goal at 0.64687 (see chart beneath). That failed break upset the sellers and helped reverse the intraday bias again to the upside.
Now with the shut resistance being examined, the query turns into can they push the worth above that degree and look towards different targets together with the 100 and 200-day shifting common is close to 0.6557.
AUDUSD bounces to shut resistance.
