The AUDUSD moves above the 100 hour MA. Buyers take back some control.

Also above trend line

The AUDUSD has just moved above a topside trend line and the 100 hour MA (blue line in the chart below). Last week, the price moved above the 100 hour MA on Thursday and into Friday but failed and continued the bearish run. Buyers are now making another attempt to turn the bearish bias around with the current break.

The 0.71434 wa the low from last Wednesday. The 200 hour MA comes in at 0.71615. The price has not been above the 200 hour MA since August 29th.