Headline: AUD/USD climbs as risk appetite improves; 200‑day MA caps gains
The Australian dollar advanced against the U.S. dollar amid a broader risk-on rally, with tech-led equity strength and a thaw in U.S.–China trade tensions boosting sentiment. After defending recent swing lows late last week, AUD/USD found fresh buyers in Asia and extended higher into key technical barriers.
Early trade saw the pair pivot around the 100-hour moving average near 0.6496 before buyers pressed through layered resistance. The move reclaimed the 0.6500–0.6504 zone, cleared last Thursday’s 0.6518 cap, and pushed beyond a swing area near 0.6524 that coincides with the 200-hour moving average. Momentum carried the pair to the 200-day moving average around 0.6538, where sellers twice halted further upside ahead of the U.S. session.
A sustained break and close above the 200-day moving average would signal renewed upside traction for the Australian dollar and open the door to further gains. Failure to do so raises the risk of profit-taking, with initial support seen back toward the 200-hour moving average near 0.6525 and, below that, prior breakout levels.
Key Points: – AUD/USD lifted by improved risk sentiment and optimism on U.S.–China trade relations – Buyers defended recent swing lows, setting the stage for Monday’s rebound – Price advanced from the 100-hour MA (~0.6496) through 0.6500–0.6504, 0.6518, and 0.6524 – Rally stalled at the 200-day moving average near 0.6538 for the second time – A clear break above the 200-day MA would favor further upside momentum – Near-term support sits around the 200-hour MA (~0.6525) if momentum fades
