AUDUSD falls to lowest level since early July.

<p>The AUDUSD has continued its trend move lower, with sellers taking the price from one swing area to the next. The pair has remained below its falling 100-hour moving average since September 23 also helping the bearish bias. Buyers have had their opportunities to push higher, but they have not done enough to change the bearish technical bias.</p><p></p><p>Sellers work through the downside targets</p><p>The move lower this week started on Monday and Tuesday when the 100 hour MA was tested but found willing sellers.  The price on Tuesday peaked near that MA and the 200 day MA and also the high of a swing area between 0.70203 and 0.70269. Sellers pushed lower. </p><p>Yesterday, sellers extended below the next area between 0.69619 and 0.69778, opening the door for another push lower.</p><p>That push took the pair today into an even lower swing area at 0.69056–0.69205. Buyers found support near the bottom of that zone, with the price bouncing toward 0.6931.</p><p>With the support buyers showing up, now they need to build on that response.</p><p>What would give buyers more control?</p><p>Holding the 0.69056–0.69205 swing area is a start. However, the first meaningful hurdle that would give buyers added hope the bottom is in would be a move above 0.69619–0.69778. That area was support. It is now resistance where sellers can lean and define their risk.</p><p>Getting back above that zone would give buyers some breathing room. Above it, the falling 100-hour MA remains a key barometer. Eventually, buyers need to get—and stay—above that moving average to show they can interrupt the trend lower. </p><p>Until those hurdles are cleared, the sellers retain control.</p><p>What keeps the downside in play?</p><p>A move back below 0.69205 would put the price back inside the lower swing area. A subsequent break below 0.69056 would give sellers another technical victory and open the door toward the chart’s low at 0.68655.</p><p>The lesson for traders is straightforward: a bounce from a downside target does not, by itself, change the trend. It tells us buyers responded at support. Reclaiming broken resistance—and eventually the 100-hour MA—would show they are taking back control.</p><p>For now, the trend remains lower. The swing areas provide the roadmap, and the moving average helps define the bias and risk.</p> This article was written by Greg Michalowski at investinglive.com.