Headline: AUD/USD Trapped Between 100-Hour Resistance and 200-Day Support
The Australian dollar is consolidating against the U.S. dollar as traders weigh mixed risk sentiment and key technical markers. After a brief dip below its long-term trend line, AUD/USD snapped back but failed to sustain a break higher, leaving the pair range-bound and poised for a decisive move.
AUD/USD rebounded after temporarily slipping beneath its 200-day moving average for the first time since June, a downside break that quickly reversed. Following U.S. data, the pair pushed through the descending 100-hour moving average near 0.6498 and tagged 0.6502 before momentum faded. That failure leaves the 100-hour MA as immediate resistance and the 200-day MA as the primary support level.
Price action is now congested in a defined swing zone at 0.64721–0.64820, where buyers and sellers continue to square off. With equity markets surrendering earlier gains, the risk-sensitive Aussie is losing upside traction. A sustained move above the 100-hour average would restore a near-term bullish bias, while a close back below the 200-day average would likely hand control to sellers. Until one of these boundaries gives way, range trading may prevail.
Key Points: – AUD/USD briefly fell below its 200-day moving average before rebounding. – The pair cleared the 100-hour moving average near 0.6498 but stalled at 0.6502. – Trading is centered in a swing zone at 0.64721–0.64820. – 100-hour MA is acting as near-term resistance; 200-day MA remains key support. – Softer equity sentiment is weighing on the Australian dollar’s upside momentum. – A decisive break above the 100-hour MA or below the 200-day MA is likely to set the next trend.
