AUDUSD TECHS: Clears The 50-Day EMA

• 20,000 Jun'26 SOFR 1Y strips (SFRM6-SFRH7) -0.025 at 1509:38ET.

• RES 3: 96.700 - High Sep 12
• RES 2: 96.260 - Congestion High Nov 19 -24 ‘25
• RES 1: 96.925 - High Jan 9 and a key short-term resistance  
• PRICE: 95.730 @ 20:01 GMT Feb 25
• SUP 1: 95.560 - Low Jan 27
• SUP 2: 95.480 - Low 1st Nov ‘23
• SUP 3: 94.764 - 1.0% 10-dma envelope

Aussie 3-yr futures are trading in a range. The primary trend structure remains bearish - moving average studies are in a bear-mode set-up highlighting a dominant downtrend. Sights are on the year-to-date lows at 95.560 (Jan 27) and major support. A break of this level would confirm a resumption of the downtrend. Resistance to watch is 95.925, the Jan 9 high. A clear break of this level would instead signal a short-term reversal.

• RES 4: 1.3868 High Jan 27 and the bull trigger    
• RES 3: 1.3814 High Jan 30
• RES 2: 1.3733 High Feb 4  
• RES 1: 1.3562/3712 20-day EMA / High Feb 11
• PRICE: 1.3552 @ 20:06 GMT Feb 25
• SUP 1: 1.3434 Low Feb 19
• SUP 2: 1.3402 Low Jan 22
• SUP 3: 1.3331 Low Jan 19 and a key support
• SUP 4: 1.3288 Low Dec 9 ‘25   

The current short-term trend condition in GBPUSD remains bearish. Price has breached 1.3509, the Feb 6 low, and 1.3523, the 50-day EMA. Sights are on 1.3439 (pierced), the 50.0% retracement of the Nov 4 ‘25 - Jan 27 bull cycle. A clear break of this price point would open 1.3331, the Jan 19 low and a key support. Initial resistance to watch is at 1.3562 (pierced), the 20-day EMA. A clear breach of this EMA would be a possible early reversal signal.