moneniko

moneniko Updated 

Without looking at the fundamentals, the AUDUSD pair has been trading in a range. I expect this to continue in the long term with a short at 0.76000 and a target of 0.7175 SL@ 0.76250

moneniko Updated 

The pair seems right for a short after a three-day rally. The RSI indicates that it is approaching the overbought conditions. Any break above the resistance level on the hourly should favor a long position but this seems highly unlikely as momentum is lost.

moneniko

The triangle top shows the resistance levels and the bottom the support levels for a long term shot on the pair. The fib shows the initial TP at the 0.68 level following a possible range within the boundary of the triangle