AUDUSD: The pair fell sharply yesterday amid broad USD strength, pushing the price down to test its 100-day moving average, now at 0.64259. That level attracted buying interest, as it has consistently provided support since April 14. While the pair bounced modestly, sellers regained control during the European and U.S. sessions today, sending the price back toward the rising 100-day MA.

The current price trades at 0.64317, just above that key technical level. The 100-day MA remains a critical barometer—a successful hold could spark a larger rebound, while a sustained break below would open the door for further downside momentum.

Below the 100-day MA, key downside targets include:

• 0.6407 – Prior swing level support

• 0.63927 – 200-day moving average

• 0.63719 – June low

• 0.63546 – 38.2% retracement of the April-to-July rally and a key swing level

A move below these levels would incrementally erode bullish sentiment built since the April low and shift the technical bias more firmly in favor of sellers.

Getting below the 100 day moving average would be supportive of the sellers, but the 200 day and 38.2% retracement are equally as important if the sellers are to take more control..