Stalls against the 200 bar MA on 4-hour chart
The AUDUSD was pushed higher on the back of Trump yesterday and a much stronger employment report.
The move higher did reach a limit and that has consolidated the pair over the last 8 or so hours mostly under the 100 bar MA on the 4-hour chart. That comes in at 0.7588 (and moving lower). The high today did extend above the level but was quickly reversed. The NY session high found sellers against the line.
On the move higher the pair moved above a trend line on the hourly chart. That broken line comes in at 0.7575. The low in the confined NY session comes in at 0.7572.
We are in one of those consolidation areas against MA resistance and old trend line support.