A technical look at the AUDUSD & the NZDUSD. What levels are defining risk, bias & targets ...Middle East

In the first few days of 2025, the price has moved higher with strong gains earlier today coming with stronger momentum.

On the downside, the 200-hour moving average at 0.6223, closely aligned with the 100-hour MA, serves as strong support. A break below these levels would shift control to sellers and signal a bearish reversal. For now, resistance is seen at the 100-bar MA on the 4-hour chart (0.6272), while support remains at the 200-hour MA (0.6223).

On the downside, the 200-hour moving average at 0.56275 and the 100-hour MA at 0.5616 are key support levels. Notably, last week’s high stalled near the 200-hour MA, emphasizing its importance. A move below these levels would indicate sellers have regained control, diminishing the buyers' strength. For now, the focus remains on whether the pair can hold above support or retest resistance.

This article was written by Greg Michalowski at www.forexlive.com.

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