AUDUSD keeps more of a bearish bias as range trading continues

Trading between ceiling and floor

The AUDUSD is keeping a more bearish bias as the pair trades in a range. The high for the range is up at 0.72766. The low is at 0.7198 (78 pip range). In between those extremes is the 100 and 200 hour MA and the 100 day MA. Those MAs are between 0.7236 and 0.72538. Moving above the 200 hour MA would be more bullish. That is risk for shorts now. Staying below the 100 hour MA and 100 day MA keeps the sellers more in control.

Range trading between the 6 plus day range. Trading below the MAs keeps the sellers more in control Eventually there will be a break and run but right now the market is not ready. It needs the shove.