AUDUSD Range Remains With Bearish Candlesticks

• AUDUSD Technical Strategy: Longs preferred
• Doji highlights indecision suggesting range may persist
• Harami on the four hour timeframe yielded intraday recovery

AUDUSD continues its consolidation between the 0.9320 and 0.9440 mark with a Doji on the daily suggesting indecision amongst traders. The pair could remain range-bound in the absence of key reversal candlestick patterns.

Range

Examining the four hour timeframe; a Harami pattern as noted in yesterday’s report yielded an intraay recovery for the Aussie. With the pair holding above the 0.9360 mark a run on 0.9400 may be possible with bearish patterns lacking.

Harami At Intraday