AUDUSD stretches to new highs and tests 200 day MA ...Middle East

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.

Key levels to watch:

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.

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

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