The AUDUSD is trading in a short term range around a LT level (this is what we call the zone of the LT level):
So here is my plan:
I’m not going to trade this short term range because it is not well defined.
If the AUDUSD breaks the upper green resistance level, I will look for long opportunities (shorts will be out of play)
If the AUDUSD breaks the lower green support level, I will look for short opportunities (jongs will be out of play)
Tags: AUDUSD Analysis