Aussie has been moving like this for a while now, bouncing between 0.7440 and 0.7360 without showing any clear breakout yet. I managed to catch a short swing trade today on the 4 hourly chart but looking for some better opportunities once this range breaks.
This may be my very first chart analysic so far, chaotic and wild, but might give a rough idea of what I think can happen.
Price swings in a area supported on 17.16 and limited on 19.50. Two sub-areas can be identified such as the Cyan's and Yellow's where price, on a 20D period, goes sideways.