Earlier this week, AUDUSD broke above a key swing area and the upper boundary of a consolidation range dating back to April 15, moving as high as 0.65135. The bullish breakout included a move above the 200-day moving average at 0.64587, signaling strong buying interest.

However, momentum faded. Following the Fed rate decision on Wednesday, the pair fell back below the 200-day MA, and on Thursday, a corrective rally stalled right at that key MA level as sellers leaned in and stalled the upside.

In today’s Asian session, buyers stepped in at a rising trendline support, helping to lift the pair back above the 100-bar moving average on the 4-hour chart. But gains were capped once again near the 200-hour MA at 0.64291.

Looking ahead, AUDUSD faces a cluster of resistance:

• 200-hour MA: 0.64291

• 100-hour MA: 0.64459

• 200-day MA: 0.64588

• Swing area (red box): 0.6429–0.6442

Despite recent pullbacks, the pair remains closer to the highs for the year. Holding above the trendline and 4-hour 100-bar MA is constructive, but buyers need to reclaim and sustain a move above the 200-day MA to regain full control and build bullish confidence.