The AUDUSD is mired in a narrow 33 PIP trading range. In doing so, the pair is stuck “in a cage that confines”. What is needed to break out and free the pair from its jail?
In this video, I outline the levels in play and explain why they are important for both buyers and sellers. Traders will be looking for a break with momentum.
This article was written by Greg Michalowski at www.forexlive.com. Source