AUDUSD breaks to new highs for the week/new highs going back to May 14 | Forexlive

The AUDUSD is pushing higher today, extending above Wednesday’s high of 0.6469 and reaching a session peak of 0.6494. The pair is up 1.26% on the day, with an 87-pip trading range, well above the 22-day average of 72 pips—highlighting strong momentum in favor of buyers.

Technically, the rally began in the early Asian session as the pair found support at an upward-sloping trendline. That bounce encouraged buyers, and the bullish tone strengthened once price broke above the converged 100- and 200-hour moving averages (blue and green lines on the chart near 0.6434).

A brief dip in the early U.S. session followed Trump-related headlines that sent equities lower, but importantly, the pullback stalled right at those same hourly MAs (again near 0.6434), reaffirming them as support and setting the stage for another upward leg.

The latest move has seen AUDUSD:

• Break above the 200-day moving average at 0.64526

• Push through a downward-sloping topside trendline near 0.64827

• Test resistance near recent swing highs (May 5 and May 14) around 0.6494–0.65005

A break above those swing highs would target:

• 2025 high at 0.65135, the highest level since December 2

• 61.8% retracement of the 2024 high–low move at 0.65489 (on the daily chart)

Conclusion:
Buyers remain firmly in control. Holding above the 100/200-hour MAs and 200-day MA keeps the bullish momentum intact. A break of 0.6500/0.6514 opens the door to broader upside targets toward 0.6549.