US job market indicators are glowing although Australian latest job data was more upsetting. Additionally, we just had FED interest rate hike - no one was expecting that at the beginning of March especially after about 3 months passed, after latest FED hike. So fundamental data is sufficient to push the trend to the down side. Why it is not moving? Maybe big players are massing around. Sooner or later we will get one last move to the down side.
Talking about technical analysis - we have range and those have 5 moves inside. We only have 4 so one last move to say good bye and we will see a massive move to the upside.
@LaiptaiCervinskas, AU is in long term up trend, all asian pairs are trending up. All my indicators are suggesting the same thing too. I don't understand why there's this thinking about shorting the pair. There seems to be no reason to do so whatsoever besides some shady economic data you might've collected off the internet.