AUD/USD Pulls Back From Highs But Finds Support at 100-Hour MA

AUD/USD retreated during early trading but found consistent buying interest near its rising 100-hour moving average, a key technical support level that has now been tested and held across two consecutive sessions. The pair had previously reached an upside technical target before sellers emerged, pushing prices lower toward this dynamic support zone. The repeated defense of the 100-hour MA is a notable bullish signal, suggesting that dip-buyers remain active and the broader uptrend remains intact. The fact that this level attracted buyers during both the current session and yesterday's Asia-Pacific session reinforces its significance as a near-term floor. Traders should monitor whether the pair can sustain above this moving average on subsequent tests, as a decisive break below would shift the short-term bias to bearish and potentially open the door for deeper corrective moves. Conversely, holding above the 100-hour MA keeps the path of least resistance to the upside, with the recent highs serving as the next resistance target.