The AUD/USD has been choppy and non-trending over the past few days, but the overall control remains with the sellers. The bearish bias stems from the pair breaking below the 200-hour moving average earlier this week and consistently staying below it on both Tuesday and Wednesday (see green line on the chart).

Recent Price Action:

• The pair has displayed higher lows and lower highs over the past two days, reflecting indecision and a market awaiting a stronger directional push.
• While the price action remains volatile, the bias continues to favor the downside as long as the pair stays below key technical resistance.

Key Takeaways:

• Downside Bias: Sellers maintain the upper hand as long as the price stays below the 200-hour moving average.
• Potential Reversal: Buyers will need a decisive move back above the 100 and 200-hour moving average to tilt momentum in their favor.