The AUDUSD is trading near a long term level around 0.9917. If you take a look at the short term charts, you’ll see that it is ranging in a not well defined around 0.9990 and 0.9826:

The short term range is not well defined, therefore I’ll wait for the AUDUSD to break the short term range, and then I’ll look for trades in the direction of the breakout.

Trade Safe!

Raul Lopez
Forex Courses