Overview:
- AUD/USD: According to the previous events, the price has still been trapped between 0.9150 and 0.9110. Therefore, the first step is to wait for a period of tight sideways market before breakouts. Then, probably, the market is going to start showing bearish signs. In other words, it will be a good sign to sell below 0.9187 (it should be noted, at the level of 0.9203 a double top has been forming for two weeks) with the first target at 0.9115, and the price will climb towards 0.9040 in order to to test the lowest price at the level of 0.9040.
- However, if the pair fails to break 0.9000, the market will indicate a bullish opportunity above 0.9000, then the level will really act as strong support. It will be a good sign to buy above 0.9000 with the first target at 0.9130 and it will call for an uptrend in order to continue bullish movement towards 0.9186.
