As the trading week comes to a close, the AUDUSD is higher on the week and continues to trade above a key cluster of moving averages, including the 100-hour moving average at 0.7093, the 200-hour moving average at 0.7078, and the 100-bar moving average on the 4-hour chart at 0.7070.
Holding above this moving average cluster keeps buyers firmly in control. A move below would begin to tilt the short-term bias to the downside, but sellers would still have additional work to do to fully shift momentum.
More specifically, the price would need to break and remain below the early-February lows between 0.7014 and 0.7025. That zone has repeatedly acted as a floor — serving as support this week, last week, and previously on February 9 — making it a key downside control level. A sustained move below that area would strengthen the bearish case materially.
On the topside, the February high at 0.7146 came within 11 pips of the February 2023 high at 0.7157. These levels represent the immediate upside targets heading into the new trading week. A break above this resistance zone would open the door for further upside momentum and a broader bullish extension.
