This is just my view on AUDUSD. My bias on this pair is short until a retracement on found on the daily swing has been completed. (See 1D chart for more details) Bulls are teasing to break the 0.78300 price resistance, but I believe bears are on the look out on this price level too. A bulls and bears skirmish is clearly visible on the 15m chart. Indeed, bulls were able to get the price to 0.78300 - it reached the range resistance border.
But if a break on this level would occur, I'll go sideline and wait for the price to reach 0.78500 - it's a strong resistance level compared to this one.
But if a break on this level would occur, I'll go sideline and wait for the price to reach 0.78500 - it's a strong resistance level compared to this one.