AUDUSD trades between key support and ceiling ahead of FOMC ...Middle East

To the upside, the pair faces a firm ceiling between 0.65357 and 0.65536, marked by a series of swing highs. Multiple failed attempts to break above this area suggest strong selling interest, making it a key barrier to further bullish momentum.

In between, sits the 100-bar moving average on 4-hour chart at 0.64848. That MA was a base for the price in trading today.

Key Resistance Levels:

Key Support Levels:

0.64625: Rising 200-bar MA – key support for current bullish bias

0.64072: Prior swing low; move below here would strengthen bearish case

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

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