Key failure puts the buyers in control.
The AUDUSD fell below trend line support and the 200 hour MA at the 0.7455 level during the period after the weaker US data (I guess on move out of risk) but has since moved back above the key level. The failure should solicit more buying in the pair against the support level with stops on a re-break below.
The topside channel trend line at 0.7486 and 100 hour MA at 0.7500 are upside targets to get to and through for more upside potential today.
