AUD/USD bulls face resistance hurdle after recovery from 0.6495 support

AUD/USD has recovered from an early Asian session dip, finding solid support at the 0.6495 swing level before climbing back above the 100-hour moving average. The pair initially showed weakness with a modest downward drift but quickly attracted buyers at the key technical level that has alternated between support and resistance in recent trading sessions. The bounce from 0.6495 demonstrates the zone's continued technical relevance, providing a floor for the current price action. However, bulls are struggling to extend gains beyond the 100-hour MA, suggesting overhead resistance is capping upward momentum. The inability to sustain a break higher indicates a potential consolidation phase between 0.6495 support and resistance near the moving average. Traders should monitor whether the pair can maintain its position above the 100-hour MA for continuation signals, while a break below 0.6495 could accelerate downside pressure toward lower support levels.