AUDUSD Technicals: AUDUSD is having an up and down trading day, but trading back at lows

Wait 5 sec.

The AUDUSD has been trading in a choppy up-and-down range today, but pressure is building as the North American session sees fresh intraday lows. The decline has taken the pair back toward yesterday’s low and a swing area between 0.65389 and 0.6544.A break below that zone would open the door for further downside confirmation, with traders eyeing the 100-day moving average at 0.65314 as the next target. Just below, the 61.8% retracement of the rally from the August low at 0.65257 adds another key hurdle. Taken together, those levels mark a critical support cluster that, if broken, would tilt the bias more firmly bearish. Key area for both buyers and sellers.In the video above, I break down the technicals driving this pair into the end of the trading week. Sellers are starting to make a move, but key support levels could slow the downside momentum. I also highlight the areas that would give buyers more confidence if reclaimed, outlining the critical decision points for traders on both sides. This article was written by Greg Michalowski at investinglive.com.