The AUDUSD is surging higher today and has convincingly broken above its 200-day moving average at 0.6461—a key technical milestone. On Friday, the pair briefly traded above this level for the first time since November 8, 2024, but bullish momentum faded, and the price settled back into a familiar swing area between 0.6427 and 0.6441. The Friday close landed near the upper end of that zone at 0.6441.

In early Asian trading today, the low dipped to 0.64337, within that same swing zone, before buyers stepped back in. The price reclaimed the 200-day MA, briefly pulled back to retest it, then based and pushed to a fresh session high at 0.6493.

With the pair now holding above the 200-day MA for a sustained period, 0.6461 becomes a key bias-defining support level. As long as the price remains above, the upside bias stays intact. Sellers gain no technical traction unless price breaks back below that level.

On the daily chart, the next upside target lies at the November 29 swing high of 0.65277, followed by the 61.8% retracement and high from November 25 at 0.6549 (see the chart below).