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The pair fell though its short term trend line with force, and has not managed to rally at all. A second narrowing range indicates to me another period of selling is about to follow.

infin0

US interest rate path and growth estimates are priced in. So AUD is now tracking long.

infin0

A decent head and shoulders forming.

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I don't normally look at the EUR but this is screaming sell to me.

infin0 Updated 

I have just opened a short position with a tight stop watching to see if the current support levels can be broken as the trend seems quite bearish.

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I did not anticipate this recent run in the Aussie. Looks like it is linked to the fall in US/AUS bond spreads. In any case as many other have posted yesterday it seems a rising wedge pattern has emerged and last night broke down. So now I think it is time to try a short position.

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Expect the down trend to continue.

infin0 Updated 

Now that the long term low has been broken, there is no telling how low the AUD can go now. I have doubled my short position. www.afr.com

infin0 Updated 

Just a followup from my earlier idea, looks like the head and shoulders is completing.

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Rapid rise in AUDUSD to the top of the long term trend channel, great potential for a similar reversal. Place a tight stop outside the channel for a good risk/reward.

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The pair cannot break the 71.25 area, this is a very strong sell.

infin0 Updated 

Very weak brief rally on RBA decision. Continue selling.

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We caught that last short perfectly, as did the exit. It was a juicy trade. This is what I am looking for next.

infin0 Updated 

USD globally taking a breather before strengthening again.

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It has been very choppy and difficult to find patterns but this sharp spike means a high probability of reversion to lower support line.

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As described in my last post the AUDUSD has broken through the first line of control so the next step is 74.40 which also coincides with the top of a long term bear channel. If this is broken, then the AUDUSD has broken long term bullish.

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Five clear lines of control at the moment.

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I am seeing a clear line of resistance here and am trading the repetitive movement. Could be 100 pips here.