Up and down intraday, but sellers trying to exert more downside
The AUDUSD is trading near lows for the day (the low came in at 0.7068). The pair has not been a model picture of a trend move lower (just take a gander at the 5 minute chart to see what I mean), but the price is down and it is also moving below/staying below trend lines (see chart below).
If the price can stay below these trend line levels, the sellers remain in control. If the price moves back above the trend lines (0.7085 currently), there could be some short covering/dip buyers.
