The AUDUSD forex pair is at the moment experiencing restricted motion inside a confined buying and selling vary. Notably, there is a seen hesitation to drop under the 38.2% Fibonacci retracement stage, which traces again to the rise ranging from the low on November 10. This critical stage is recognized at 0.65552. Should the pair constantly commerce under this threshold, it could signify an intensification of the bearish pattern.

Conversely, on the higher facet of the vary, resistance is being established by the convergence of the 200-day and 100-hour shifting averages, positioned round 0.6674. For a shift in momentum favoring the patrons, sustaining a place above this resistance zone is essential.

This week is especially vital resulting from a number of anticipated central bank decisions, together with these from the US Federal Reserve, the Swiss National Bank, the European Central Bank, and the Bank of England. These decisions are anticipated to inject appreciable volatility into the market, affecting pairs like AUDUSD.

Understanding these pivotal value ranges is essential, even in intervals of restricted value motion, as they supply merchants with a strategic framework for navigating potential market shifts. In my video evaluation, I delve deeper into these critical ranges and the potential targets merchants would possibly think about within the occasion of a market breakout.