The previous few weeks within the AUDUSD has seen the buying and selling vary get progressively extra confined. The vary final week was solely about 75 pips. This week, the vary is barely about 50 pips over the primary two buying and selling days of the week.
When the market non-trends in up-and-down buying and selling, that can ultimately transfer to a trending market.
What ranges are in play to interrupt out of the vary? What are the targets?
On this video, I speak in regards to the present technicals in play and what merchants can anticipate going ahead for the AUDUSD.
AUDUSD patrons attempt to maintain the 200 day MA/50% retracement
