The pair climbed to 0.7188 after holding above 100-hour and 200-hour moving averages, maintaining a short-term bullish bias.
The AUDUSD rose to a North American session high of 0.7188 after finding support near its 100-hour and 200-hour moving averages at 0.7155. Buyers re-entered the market, pushing the pair higher and preserving a short-term bullish outlook.
The 0.71936 to 0.7200 zone has acted as critical resistance since mid-April, with last Friday’s rally stalling at 0.7200. A sustained break above this level could target 0.7221-0.7227, with longer-term resistance near 0.7277.
For now, the technical bias favors buyers as long as the pair remains above the moving averages. The 0.7200 level remains the key upside barrier.