The AUDUSD is trading up and down this week. Today, the buyers made a play but the momentum stalled. More specifically, the AUDUSD tested and broke above the 100-day moving average twice today, marking a shift from Monday and Tuesday when price action consistently stalled near that same level. The 100-day MA currently sits at 0.65385. However, on both breaks above that level, buyers failed to push through the top of the nearby swing area, which caps out at 0.65443. Buyers had their shot and sellers overwhelmed them once again. Looking at the downside, the lows from Monday afternoon, Tuesday, and again in today’s Asian session all found support within a key swing zone between 0.6514 and 0.65176. The 200-hour MA (now at 0.6514) and the rising 100-hour MA (currently at 0.65116) are also converging near that support, reinforcing its importance.So while buyers had their shot and seller overwhelmed them against resistance, sellers have also had their shot with the sellers overwhelmed by the buyers against support. A battle is on. Watch resistance between 0.6538 and 0.6544 with momentum on a break higher. At the same time, watch support between 0.6511 and 0.6518. At some point there will be a break and run. Be aware. This article was written by Greg Michalowski at investinglive.com.