AUDUSD Technical Outlook:Momentum stalls at 100-hour MA as downside levels come into focus ...Middle East

Specifically, the pair is holding below the 100-bar MA on the 4-hour chart and the 200-hour MA, both clustered around 0.64467 area. Staying below this zone keeps sellers in control, shifting focus to the next downside targets.

0.6429: Low of swing area

0.6407: 200-bar MA on the 4-hour chart.The price of the AUDUSD has not traded below that MA since April 22

Key Technical Levels:

Support: 0.6429 (swing low), 0.6423 (trendline), 0.6407 (200-bar MA on 4H)

The bias remains tilted to the downside while price stays below the moving average cluster.

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

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