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ST_ForexSignals

AUDUSD: Ranging currently, waiting for more indication

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
ST_ForexSignals  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Trend Lines Trend Analysis AUDUSD audusdshort audusdlong audusdsignal audusdforecast
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supportandresistance trendline trendanalysis audusd audusdshort audusdlong audusdsignal audusdforecast
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.

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