The AUDUSD remains supported by the 100-bar moving average on the 4-hour chart, currently at 0.65025. Holding above this dynamic support keeps the bias tilted to the upside. Last week’s high at 0.65622 remains the next key topside resistance. A break above that level would open the door toward the topside trend line target near 0.6586.

Importantly, the recent rally began after last Monday’s tumble found firm support at the key swing area between 0.6355 to 0.6372 (see red number circles). That area attracted buyers, sparking a reversal that saw the price move back above both the 200-bar moving average (green line) and the 100-bar MA (blue line). That double MA break added to the bullish tilt and gives the buyers control

Key technical levels:

• Support: 0.65025 (100-bar MA on H4)

• Initial resistance: 0.65622 (last week’s high)

• Topside target: 0.6586 (trend line resistance)

• Major support zone: 0.6355–0.6372 (swing area)

Buyers remain in control above the moving averages, with upside targets in focus as long as 0.65025 holds.

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