The AUDUSD broke above the 100 hour moving average earlier today reaching a high of 0.8756.  However, the gains have not been maintained and the pair moved back below the MA trading to a low of 0.8684. 

The waffling suggests the pair is consolidating as it awaits the next move spurred by fundamental news.   A break of the 0.8790 or 0.8590 level will give the next clue for a bigger correction or continued selling with the longer trend.