AUDUSD has been in a range from 0.7150 to 0.7750 since the beginning of 2016. As this pair rallies from the beginning of the month of May 2017, it is fast approaching the top of the range again
Bat pattern completing at the 0.7700 level. I would be interested to see how the price reacts to this level before looking for a short.
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Two weeks later and this trade is still in play. Approaching the 0.7700 PRZ