AUDUSD 09/04/2017

5 Sep 201709/04/2017: I am still bearish on the pair as we have EMAs crossed upward on all major time frames. That said, on the monthly we have failed to push price higher this month and print a hanging man pattern on the monthly indicating signs of exhaustion. On the weekly we printed a hammer pattern that rejected the 8 EMA indicating continued upside. On the daily we see the pair honoring the bounds of a FIB retracement, but we are trap in a 200 PIP zone. I am on the side lines of this pair until I see clear signs of what is going on.