Here's another longer term idea on this pair and I'm already involved. Aussie losing strength over a long period of time and has tried already 3 times to break out of a range and failed every time, we can short now and hold on until we see a 50% retracement from the previous bullish leg as demonstrated.
As per the video we're at a point for a long entry on the next leg up then we wait for breakout situation. Price action has till now respected the dynamic trendlines. OK risk reward, maybe worth waiting to see if price dips down into the dynamic support zone, depends on your rules of course.
Looking at the Monthly charts and where this Pair may go I have mapped a possible cypher pattern,
We have had the X to A and A to B legs form. Point C would be in line with previous area of ressiatance and Point D also falls in place with previous support
