AUDUSD knocking on the 0.6500 target level. | Forexlive

The AUDUSD found support today at 0.6437, holding within a key swing area between 0.6427 and 0.6442. The rebound during the early U.S. session lifted the pair back above its 200-day moving average at 0.64608.

The price is now testing the psychologically important and natural resistance target at the 0.6500 level, with additional resistance at an early December 2024 swing high of 0.6504. A sustained move above this zone would distance the pair from its 200-day moving average and could trigger further upside momentum.

The next targets come between 0.65357 and 0.65537. The 61.8% retracement of the move down from the September 2024 high is at 0.65486 which is within that swing area.