AUD/USD Price Analysis: Aussie's affair with the 100-day MA continues

• AUD/USD probes the 100-day average hurdle in Asia. 
• That technical line has capped gains twice in the last two weeks.

AUD/USD is again struggling to post a convincing break above the 100-day average, currently located at 0.6535. 

The pair failed to close above the key hurdle on Friday, having turned lower from the widely-tracked technical hurdle at the end of April. 

As a result, a convincing move above the 100-day average could invite more chart-driven buyers, possibly yielding a rise to 0.6750. 

A breakout looks likely as the 14-day relative strength index is reporting bullish condition with an above-50 print. Further, the daily chart shows a bullish higher lows setup. The pair's reversal lower from the 100-day average on April 30 ended up creating a higher low at 0.6373. 

On the lower side, 0.6373 is the level to beat for the bears. 

Daily chart

Trend: Bullish

Technical levels