FX:AUDUSD   Australian Dollar / U.S. Dollar
140 0 0
Long term trend: Down
Medium term trend: Down
Significant Levels: 0.9000 (Significant Round Number), 0.8890 (Horizontal Resistance), 0.8680 (Horizontal Support)

The previous analysis is a successful one. The price made it back down again in the support line in which, if you ride that trade, you were profitable.

As of now, it is clear that the price is in a range. The market is playing safe as of now. Nowhere to go. Don't know where to go. Is it up or down? This pair is hard to trade as of now, though I'm still bearish with this pair. The USD is strong and I think it is the strongest currency as of now. AUD has been weak recently. Therefore, the cause of this price being in a range is that the USD is not as strong as compared to its recent move and AUD is weak, but not that weak.

For now, we are neutral on this pair, but we still prefer to look for a bearish trade.

Trade well.
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