AUDUSD: The pair is moving higher following today’s weaker U.S. PPI data, pushing above the July high at 0.66247 and reaching its strongest level since November 8, 2024. The price reached 0.6635 so far.Looking at the daily chart, the September rally began after the pair dipped to a low of 0.64827 on September 2, which tested and held the 100-day moving average at 0.64808 at the time. That successful defense gave buyers the green light to push higher. Earlier this week, Monday’s low stalled near the 61.8% retracement of the decline from the 2024 high at 0.65489, another bullish signal that reinforced the upside momentum.With the break above the 2025 high, buyers have now taken firmer control on the daily chart. The next key target is the upward-sloping trendline near 0.6676, followed closely by the swing high from November 7, 2024 at 0.6687. A move through those levels would open the door for further upside extension and strengthen the bullish case.Drilling down to the 4-hour chart below, a move back below the July high could lead to some disappointment on the failed break in the short term. However, it would take a move back below 0.6588 to 0.6598 and then 0.6559 to 0.6567 to give the sellers more confidence (and give the buyers more concern). Absent that, and buyers will still hold onto more control, although less than if momentum can continue on the break higher today.For now, the buyers are makinga break. Can they keep the momentum going? This article was written by Greg Michalowski at investinglive.com.