The AUDUSD has trended lower today, extending its recent decline despite a less dovish, more hawkish tone from the Reserve Bank of Australia, which left interest rates unchanged. The move lower was primarily driven by technical factors, as the pair continued to weaken after failing to sustain a break above key support levels. Yesterday, the price briefly dipped below the 100-day moving average, only to close right back near it — showing initial hesitation from traders. However, in early Asian trading today, the pair broke decisively below that 100-day MA and held beneath it, giving sellers renewed control.
The downside momentum accelerated after breaking below yesterday’s low near 0.6519, and sellers pushed further through a swing area between 0.6500 and 0.65046.
In the U.S. session, the pair extended the move lower toward another target zone between 0.6478 and 0.64817, where support buyers finally stepped in, prompting a modest rebound back toward the 0.6500 area
