Trend line was broken but quickly rebounded
The AUDUSD has moved lower today after a run higher into the close and Asian session, ran into the underside of a broken trend line and rotated lower (see blue numbered circles).
The push lower moved to test another trend line (this one an upward sloping line – see red numbered circles – after falling below the converged 100/200 hour MAs. The price did fall below that trend line, but buyers quickly came in and are now pushing the price back higher.
So the pair sits between a lower, upward sloping trend line at 0.77257 and a higher, downward sloping trend line at 0.7771. The price is currently between those levels at 0.7750.
A battle is on.