Price on the daily chart of the AUDUSD is now trying to continue the long running trend higher it has been making since March this year.
After breaking lower with a 1,2,3 reversal pattern, price has since bounced back and is now back above the important price flip level.
This level has in recent times held as both a key support and resistance level.
If it holds now it could be a solid level to watch for intraday bullish trades for price to continue the march back into the next swing high resistance.