AUD/USD Weekly - clear of all EMAs, 0.67 now the line

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AUD/USD Weekly - clear of all EMAs, 0.67 now the lineAustralian vs US DollarPEPPERSTONE:AUDUSDGovindSatoshiAUD/USD has broken out of the multi-year downtrend that defined it since the 2021 high. Price is trading around 0.7163, sitting above all three weekly EMAs for the first time in a sustained way: the 50 at 0.6839, the 100 at 0.6722 and the 200 at 0.6739. When price clears a tightly clustered EMA band like that and holds, the prior ceiling tends to flip into the floor. The move came off the early-2025 low near 0.63 and has carried roughly nine big figures without a major weekly reversal. The 0.67 zone, which capped every rally for years, is the level that now matters on the downside. While weekly closes hold above it, the structure stays constructive. Momentum supports the move but is not stretched here. Weekly RSI is at 62, having cooled from a push near 77 a few weeks ago. That reset while price held up is the healthier version of a trend, not the exhausted version. Levels I am watching: immediate resistance at this week's 0.719 high, then the 2023 pivot supply around 0.74 to 0.75. Support steps down at 0.685 near the 50 EMA, then 0.67. A weekly close back under 0.67 would negate the breakout and put the old range back in play. Bias: Bullish while above 0.67. Type: Analysis. For AU traders, size to the stop under the ASIC 30:1 retail cap rather than to available leverage. A free position-size calculator with the cap baked in SatoshiMacro tools section.