Up on the day
After a move lower in the Asiian Pacific session, the AUDUSD found support against MA support and started a move back higher. We are currently trading at the highs for the day and testing a topside trend line. That trend line was actually broken on Friday but not failed. After the break the line reestablished as resistance (blue circle 3). So will continue to use the line. A break above and we should continue higher.
Fed's Fischer up in a few minutes. He will have a say in the dollar of course and this currency pair. A move back below the 100 bar MA on the 4-hour at 0.7615 may turn the bias back down.
