The AUDUSD moved sharply decrease in US buying and selling at this time on the again of the stronger US jobs report. The transfer decrease took the worth beneath the 38.2% retracement of the transfer up from the September 11 low at 0.6819 and likewise the rising 100 bar transferring common on the 4-hour chart at 0.6823.
On the draw back, the pair is approaching one other key stage outlined by the 50% midpoint of the transfer up from the September 11 low, the 200 bar transferring common on the 4-hour chart, and a swing stage going again to so far as a September 18. That stage is available in at 0.67813.
Getting beneath that space opens the door for additional draw back momentum.
On the day by day chart, the worth additionally moved beneath the 61.8% retracement of the vary for the reason that January 2023 excessive. That stage is available in at 0.68182, and is inside a swing space on the identical day by day chart between 0.6805 and 0.68206.
So the mixture of technical ranges from the hourly chart and the day by day chart units overhead resistance close to 0.6820 to 0.6823. That’s going to be the technical ceiling at this time and going ahead. Keep beneath retains the bears extra in management. IF that’s the case, the draw back door opens additional with a transfer beneath 0.67813.