| The AUDUSD bias remains tilted to the downside, but support near 0.6972–0.6985 has stalled the decline over the last three trading days, with those lows holding above Tuesday’s weekly low at 0.6945. A break below 0.6972 would likely open the door for further downside momentum. On the topside, the 100-hour moving average near 0.7040 has capped rallies on Thursday and Friday. Moving above and holding that level would target the 200-hour moving average and the 100-bar MA on the 4-hour chart near 0.7067, with a break above that cluster likely to trigger additional upside momentum. |
Founded in 2008, ForexLive has been the go to source for both professional and retail traders from around the globe. Our core belief is that all traders want relevant and succinct trading information, and we deliver it 24 hours a day.
You Might Also Like
The Nasdaq & S&P indices are having a solid day. What are the technicals telling traders?
2026-02-18
The S&P is solidly bullish after bouncing near the 100 day MA. The Nasdaq is below the 100 day MA but found support buyers near a swing area at the lows yesterday
Tags: Featured,newsletter
