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AUD/USD has experienced volatile price swings today, with the upside move testing a key swing area between 0.6287 and 0.6301—a zone where price highs have repeatedly stalled on Wednesday, Thursday, and Friday. A sustained break above this level is needed to strengthen the bullish bias.
Conversely, if the pair remains below, focus shifts to Thursday’s low near the rising 100-hour moving average at 0.6254. A break below that would put the 200-hour moving average at 0.6234 in play as the next downside target.
PS: The AUDUSD has since moved lower, testing the 100-hour MA, following comments from former President Trump about potential reciprocal tariffs as early as Friday. With the weekend approaching—and considering the past two weekends have triggered sharp Monday market moves—traders remain cautious. U.S. stock markets are already reacting, with the NASDAQ down -1.21% and the S&P 500 down -0.78%, signaling broader risk-off sentiment.