The AUDUSD attempted to break above resistance but failed, resulting in a pullback to a swing area. The currency pair needs to break below the lower end of the swing area to increase bearish bias or move back above the 100-day moving average to tilt the bias to the upside.
AUDUSD buyers had their shot today and missed. What next?
Great analysis! Very insightful. Would you maybe consider commenting on how the economic data impact the movement of the currency pair?