The AUDUSD pushed higher during the Asian session, extending gains up to Friday’s high at 0.66683. That level proved to be a sticking point once again, as sellers leaned against it and forced a modest pullback.The rejection has set up a potential double top, which gives sellers an important foothold in what has otherwise been a bullish trend for the pair since August 22. From a risk perspective, this offers sellers the ability to “lean against the high with limited risk”—keeping stops tight above the 0.6668 area—while aiming for a larger payoff if the downside develops.For now, staying below 0.6668 gives the sellers some control – at least in the short term - but there is still work to do. The first key downside target comes at the rising 100-hour moving average at 0.66293. Recall that in Thursday’s session, the corrective dip found support at this very level (and briefly traded below), before the pair rotated back higher. That bounce was fueled by weaker-than-expected US initial jobless claims, which gave AUDUSD another leg up.If the 100-hour moving average breaks, momentum could shift more firmly to the downside, exposing the 200-hour moving average at 0.65917 as the next key target.On the flip side, a break above 0.6668 would invalidate the double top and put buyers back in the driver’s seat. That would open the door for a retest of the November 2024 high at 0.6687, which also converges with a rising trendline off the daily chart—making it a critical upside objective. This article was written by Greg Michalowski at investinglive.com.