EURUSD Bounces from PPI Low, Faces Key Moving Average Resistance
EURUSD rebounded from 1.1593 after strong US PPI data, aided by ECB rate hike. The pair now tests the 200-day moving average at 1.16321.
6 h ago8 min read
AUDUSD Rebounds Off 200-Hour Moving Average, Strengthens Its Role
AUDUSD tests and bounces from 200-hour MA at 0.7157, increasing its importance.
31/08/2026 15:115 min read
The AUDUSD is trading roughly unchanged on the day, but the technical setup is building toward a significant turning point for traders.
The pair fell sharply on Friday after Fed Chair Kevin Warsh delivered more hawkish comments at Jackson Hole. A corrective move higher on Monday ran out of steam, pushing the price back toward its rising 200-hour moving average at 0.7157.
That moving average acts as a vital reference for both buyers and sellers.
The 200-hour moving average has offered support multiple times during the recent rally. While the price holds above it, buyers keep a slight technical edge. A break below it, with sustained trading beneath, would be a fresh development and shift the bias more decisively toward the downside.
On a lower break, the first targets are near the 0.7128 swing area, then the 38.2% retracement at 0.7098.
If buyers continue to defend the 200-hour moving average, they must push the price back above the 100-hour moving average at 0.7176 to regain stronger control. Above there, the focus turns to the 0.7194–0.7201 resistance zone and the August high of 0.7207.
For now, the 200-hour moving average at 0.7157 sets the terms. Stay above and buyers still matter. Move below and sellers would take firmer control.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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