.The AUDUSD has broken above both the 100- and 200-bar moving averages on the 4-hour chart, after failing yesterday to sustain a move below the 100-day moving average. This shift in momentum has turned the near-term bias more constructive, with buyers taking greater control into the end of the trading day.The break through the 100-bar MA on the 4 hour chart at 0.6494 and the 200-bar MA (on the same chart) at 0.6504 gave traders the conviction/confidence to press the pair higher. These averages, which had capped price action earlier in the week, now act as a short-term support zone that buyers will want to defend on any pullback. Holding above this area keeps the upside scenario in play.Looking ahead, the market’s attention will shift toward the next technical targets. The first upside hurdle sits at 0.6541, a swing level that has defined the range in recent sessions. A break above that level would open the door toward the swing high from two weeks ago at 0.6567.Beyond that, buyers will be eyeing a broader resistance zone between 0.6586 and 0.6595, an area that has repeatedly turned price back in the past. A decisive move through that ceiling would put the spotlight on the July high — also the year’s high — at 0.6625. That level remains the key upside target for traders seeking confirmation of a more sustained bullish breakout. This article was written by Greg Michalowski at investinglive.com.