The AUD/USD pair has been in a strong downtrend since March 2018 as per the daily chart. Fairly recently, the price had another attempt to break above the downward trend line, shown in blue. Having said this, the price has broken out of its 50-day moving average, shown in pink, to the upside and it is still in battle to break above the 100-day moving average, shown in orange. If the price is able to break above the 100-day moving average, it would be a positive sign for the bulls.
Another important signal for the bull strength may also come from the RSI, it is trading above the upward trend line and as long as this remains intact, bulls have their hopes for the price to move higher.
The green horizontal line represents the support
The red horizontal line represents the resistance
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