The USD moved lower after the US CPI data. The flow of funds saw the “risk on” currencies (AUD, CAD, NZD) gain vs the greenback.
The AUDUSD is trading toward its 100 hour MA at 0.74657. The price is currently trading at 0.7460. A move above that MA would be more bullish in the short term (and the first break since falling below last Wednesday. The low price today did extend below the 50% midpoint at 0.74126, but could not sustain downside momentum and started its rebound to the upside.