AUDUSD tests 100 hour MA at the 1.0047 level.   The level is also the midpoint of the weeks trading range (see chart below) and is also close to the low from yesterday at 1.0040.  As a result, traders have used the level to take profit/buy with defined and limited risk.  A move below 1.0040 will likely trigger stops.

On the topside, the 38.2% and topside look for the 1.00747 to be the 1st target on a correction higher.  If the price is able to stay below this area, look for selling to return in the pair.  The level is also near topside trendline resistance on the intraday 5 minute chart below.