AUDUSD: Ranging currently, waiting for more indication
Currently, AUDUSD is ranging, and in a short term downtrend. If that downtrend is broken then for a risky trade take a long targeting the top of the range.
Otherwise, I would wait for a breakout. Retail sentiment has been short for a while now, so if there is a break down out of the range I expect a long term short move.
Otherwise, I would wait for a breakout. Retail sentiment has been short for a while now, so if there is a break down out of the range I expect a long term short move.
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