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AUDUSD - Monthly Chart Analysis

Short
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
tradingwithyg  
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Trend Lines Multiple Time Frame Analysis Wedge AUDUSD audusdshort audusdforecast shortsetup shortterm sellsignal sellsetup
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trendline mtfa wedgepattern audusd audusdshort audusdforecast shortsetup shortterm sellsignal sellsetup
Price seems to almost be locked in a range between monthly resistance and monthly support. While it has been making lower highs, it has not been able to break the .817 level. It also looks like the is just a minor correction in a major bear trend. As long as U.S. continues to climb higher this pair will keep falling. I took a short position 2 weeks ago and I entered another one last night. Roughly 150 pips locked between both trades.
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