The Aud/Usd is a pair I am currently keeping my eye on and if we look at the 4hr chart below price has been moving sideways and stuck in a range. Price is currently trading at the top of the range and I am keen for price to break above this level and then look for bullish price action on a retest of this level. Granted so far price is still in the range as I write this and we could also get a bearish rejection to get us into a short position.

My preference though would be for price to break higher and get away from the messy sideways action but we will have to wait and see what is produced.


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