The pair rebounded from a low of 0.7019 but stalled below key resistance, keeping sellers in control amid broader bearish momentum.
The AUDUSD recovered from a session low of 0.7019 after U.S. stocks rallied and Treasury yields declined, lifting the pair above the 50% retracement level at 0.70549. The rebound briefly pushed the pair above its 100-day moving average at 0.7073 but failed to sustain momentum, peaking at 0.7077 before retreating.
The 100-day moving average had acted as support since November 2025 before breaking lower on Friday. Prior to the decline, the pair traded in a key swing area between 0.7100 and 0.7113. The inability to reclaim the 100-day average signals continued bearish pressure, with buyers needing a sustained move above the level to shift sentiment.
Downside targets now focus on support between 0.7002 and 0.7014, with a break below opening the door to the 0.6938-0.6962 region. The technical outlook remains tilted toward sellers unless a clear reversal materializes.