AUDUSD falling on risk-off sentiment.Value assessments 200 hour MA degree at zero.6346.

AUDUSD is buying and selling decrease as risk-off sentiment drives the pair down, following a decline in U.S. shares. On Friday, AUDUSD reached a brand new excessive of zero.6407, coming inside six pips of the 38.2% retracement of the September 2024 downtrend, earlier than reversing decrease as a consequence of risk-off flows triggered by falling equities.

Right now, the NASDAQ initially gained 120 factors earlier than sharply reversing decrease, hitting a session low of -248 factors earlier than bouncing to -165 factors in unstable buying and selling. This inventory market decline pressured AUDUSD decrease, bringing the pair to check its rising 200-hour shifting common at zero.6346. Consumers held help on the primary take a look at, retaining the extent intact.

The 100-hour shifting common at zero.6367 now acts as topside resistance. Market members stay centered on inventory market actions, with AUDUSD prone to react accordingly.

Technical Ranges:

• Help: zero.6346 (200-hour shifting common)
• Resistance: zero.6367 (100-hour shifting common)

Merchants will proceed monitoring fairness markets for directional cues.

This text was written by Emma Wang at www.ubaidahsan.com.



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