- Price is at the bottom of a range on the
- Price is consolidating on the four-hour chart
- Waiting for the price to break on the four-hour chart with a close above 1.0550 to enter long.
- A break and close below 1.04 would mean a failure of the longer term range to hold and continuation of the current downward selling pattern.
- On July 4th the RBA will make its cash rate announcement. Price may not alter consolidation until ten.