The situation with the pair AUDUSD remains very challenging. On one hand, we still have a downward movement. However, it is worth noting that we have already reached all the nearest targets below. Because we went below 0.6990, but did not consolidate there, so it remains a false breakout. Moreover, the price managed to rise, even though we have already worked out the long initiative. On the other hand, looking at the bigger picture, the upward movement is not broken, although I do not see clear targets. But first, we have the Reserve Bank of Australia meeting, and then the Fed. So we can move anywhere. Although personally, I am looking north, and therefore, if we drop below 0.7010 again, I will try to buy there.
