AUDUSD Technical Analysis Summary
Published on 28/10/2026 by Greg Michalowski
Market Overview
The AUDUSD currency pair is currently experiencing a stalemate, oscillating between two significant moving averages. The 200-day moving average (MA) at 0.70549 has halted upward momentum, while the 100-hour MA near 0.7025 has provided support against downward movement.
Recent Influences
In Asian trading, the AUDUSD received a boost from Australia's inflation data, which showed a rise in headline inflation to 4.3% from 4.0%. Additionally, hawkish remarks from RBA Governor Michele Bullock indicated that inflation might exceed previous forecasts, reinforcing the possibility of another interest rate hike.
Technical Analysis
The price action indicates a clear battle between buyers and sellers, with the 200-day MA acting as a resistance level and the 100-hour MA serving as a support level. Buyers attempted to push the price above the 200-day MA but were met with selling pressure, leading to a reversal back towards the 100-hour MA.
Key Levels
Traders are currently focused on two critical levels:
- Resistance: 200-day MA at 0.70549
- Support: 100-hour MA at 0.7025
For buyers to gain control, they need to maintain positions above the 100-hour MA and push towards the 200-day MA. Conversely, sellers must break below the 100-hour MA to shift the short-term bias in their favor.
Trading Strategy
The moving averages provide a framework for defining risk and measuring market control. Buyers can use the 100-hour MA as a support level, while sellers can view the 200-day MA as a resistance level. A breakout beyond these levels will be crucial for determining the next directional move.
Conclusion
The current trading environment for AUDUSD is characterized by a ping-pong effect between the two moving averages. Traders should watch for a decisive break above 0.70549 for buyers or below 0.7025 for sellers to establish clearer control in the market.