The AUDUSD has been moving up and down lately. It tried to rise but stopped at a trendline around 0.6586, which lowered the price again. Currently, it’s stuck between buyers and sellers. Right now, AUDUSD is in a key area between 0.65357 and 0.6553. This section has acted as resistance since May 26, showing its importance for short-term direction. If the price drops below 0.65357, traders will look to the 100- and 200-bar moving averages. These moving averages are at 0.65106 and 0.64853 on the 4-hour chart. If the price breaks below them, it could increase bearish pressure and lead to a further decline. In the past, a similar drop went down to the 0.6355–0.63719 support level, where buying interest returned. Currently, support is at 0.65357. If we go below this, the moving averages will be the next levels to watch for the AUDUSD. In simple terms, we are seeing a battle between upward movement and resistance above. Buyers tried to push the price higher but hit a downward trend line, and sellers took over again. This has created a sideways movement, keeping the pair confined within familiar levels. At the moment, the pair is hovering between 0.6535 and 0.6553. We’ve seen this area since late May, and it’s become a key point for short-term trades. The price has struggled to break out and stay above this range, suggesting that pressure is building. It likely won’t stay here much longer. If you’re watching shorter-term futures or options, keep an eye on the 0.6535 level. A drop below it will draw attention to moving averages at 0.65106 and 0.64853, which act as critical boundaries. If the price bounces back from these levels, there may be renewed buying interest. But if it drops quickly below them, it could signal a stronger downward move. Earlier this month, we saw a similar situation. Support broke down, momentum grew, and the price fell into the lower 0.63s before buyers stepped back in. This is a real risk. Past reactions at these levels remind us of what can happen when support fails. Ultimately, it’s better to focus on momentum around these levels rather than making broad directional bets. If the price breaks under 0.6535, expect higher trading volume toward those moving averages—they reflect market sentiment. Dropping below 0.6485 could lead us to revisit the 0.6370 zone and lower. So, the next few days will be crucial. How the market reacts to a dip under 0.6535 or a rise above 0.6553 will likely set the tone for the upcoming weeks. The signs are already present; how the price behaves near these levels will determine the direction.

here to set up a live account on VT Markets now