AUDUSD struggles to extend gains as resistance holds
The AUDUSD opened the Asian session with a modest downward drift, but that weakness was short-lived. Price action found solid footing near the swing level at 0.6495, a zone that has acted as both support and resistance in recent sessions. That level once again proved its technical relevance, drawing in buyers and halting the decline.From there, momentum shifted to the upside, and the pair climbed above the 100-hour moving average , giving the bulls a technical boost.
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