The AUDUSD is trading higher today after finding solid support during the early Asian-Pacific session against its 100-hour and 200-hour moving averages near 0.7155. Holding above that key technical zone gave buyers the green light to re-enter, helping drive the pair to a North American session high of 0.7188. The pair currently trades near 0.7185, keeping the short-term bullish bias intact.
The next major hurdle comes in a well-defined swing area between 0.71936 and 0.7200. This zone has repeatedly acted as both support and resistance since mid-April, making it an important technical battleground. Last Friday, the rally stalled almost exactly at 0.7200, triggering a rotation lower and reinforcing the significance of the level. As a result, a break above 0.7200—and, more importantly, the ability to stay above it—would be a key signal that buyers are gaining further control.
If buyers can establish a foothold above 0.7200, the next target comes in the 0.7221 to 0.7227 area. A move through that zone would shift attention toward the 2026 highs near 0.7277. Those highs were set within a broader resistance area dating back to 2022 between 0.72656 and 0.7283, making that region an important longer-term target. A sustained move above that ceiling would likely open the door to stronger upside momentum.
For now, the technical bias remains tilted in favor of the buyers as long as the price stays above the 100-hour and 200-hour moving averages. The 0.7200 level remains the key upside barometer. A break above would strengthen the bullish case, while failure to do so could keep the pair trapped within its recent trading range.
This article was written by Greg Michalowski at investinglive.com.
