The AUDUSD has erased its earlier declines and pushed back above the 200-bar moving average on the 4-hour chart at 0.65056. The pair has also broken through swing highs from Monday and yesterday near 0.6504. Holding above these levels would be the best-case scenario for buyers, as it keeps the door open for additional upside momentum.That said, the broader pattern remains choppy, with sharp moves in both directions. Earlier this week, the pair dipped below the 100-day moving average near 0.6471 but failed to sustain the break, flipping sellers into buyers. A similar dynamic could unfold again.For now, the key pivot is the 0.6504–0.6500 area. Staying above supports a more constructive bias, but if the price slips back under 0.6500, it wouldn’t be surprising to see buyers quickly turn to sellers, reinforcing the rangebound, two-way nature of recent trading. This article was written by Greg Michalowski at investinglive.com.