AUDUSD weekly is on an uptrend and has been very over extended after hitting weekly target of -27 extension. Price has now rejected multiple weekly and daily is showing consolidation a loss of momentum. Waiting to see if we can get a break out to the downside to start looking for short opportunities. Since right now we are stuck in a range my bias is pretty neutral.
Currently 65% of traders are going short 35% of traders are going long
Let's see what the New York session has for us. I pray may our patience serve us well