FX:AUDUSD   Australian Dollar / U.S. Dollar
Price action stuck in a supply zone , which also corresponds Fib. high to low retracement. A break and close would signal a move to the 200-four hour EMA with a second target at .89.

If Aussie-dollar trades below, price action will likely trend to .8770, which is were price action support and moving average support meet.

Non-directional bias, would trade in either signal.

Comments

Second target completed
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Bull target one hit
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Nice set up and triangle I would wait for a retracement then long the position
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CommoditiesTrader Daniel GrahamAlhanti
Waiting for price action to make a move. I wouldn't long it unless it closed above the Fib resistance which is also in line with price action resistance. Then, I think there is 50+ pips to the upside,

+ DMI is ticking down, which could signal a move lower. I don't know if I am confident enough that AUDUSD wouldn't trade through the downside of the triangle if sold on resistance - would wait to see if any demand in the .8725/50 range :D
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