Hello fellow traders. What a ride AUDUSD, has been on. Its the ebbs and flows of the market. In my opinion, I personally see this pair still in an overall bearish trend. However, on the 4hr timeframe we are seeing bullish movement with a strong bearish pullback of late. However the black horizonal lines represent the daily trading rage and if we are to stay short term bullish, as long as it does not break the upper black line we can still get in on the overall trend. I truly believe the target price for this pair is 0.7000, as i posted previously, this is an area of strong demand. Right now price is trading in between a 4hr bullish trading range (narrow horizonal trend lines) where currently it has pulled back into a 78.6 fib. Although this would be a counter trend trade (i have been burn a lot going against the overall trend) i would be looking for a buy signal like; double bottom, inverted hammer, or a flag pattern, to pick up so pips long before ultimately going short. As for now i am just waiting, backtesting, and reading.