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2014/05/14 (Wednesday) Price Action

FX:AUDUSD   Australian Dollar/U.S. Dollar
155 0 0
A move upward against the slight bias of this sideways movement ended in a close lower, we see this when sideways movement starts sometimes, longer term elements get out. Higher prices were pushed but rejected.
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Thursday we may see further movement back into the previous day ranges. If we don’t then we have to reanalyse wait anyway for this pair to fight at or past the resistance in either direction. No clear data is present right now to make any decisions or hint at upcoming formations.
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