AUDUSD edged lower at the start of the Asian session, testing support targets near the 61.8% retracement of the move up from the July 6 low at 0.67117 and the 200-day moving average of 0.67175 in the process. The low between these levels reached 0.6714 and bounced higher.

The price action has since moved up and down with resistance near 0.67546. This level represents the high of the swing area between 0.6737 and 0.67546. The 50% midpoint of the move up from the July 6 low is at 0.67466.

Buyers and sellers are battling back and forth today, but so far the technical levels are doing a good job of defining intraday support and resistance. Traders are waiting for another break outside the intraday range.