AUD/USD Intra-Day Technical Analysis - ranging bullish near bearish reversal

M30 price is located to be above SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) for the ranging within the following key support/resistance levels:

• 0.7342 resistance level located far above 100-SMA/200-SMA in the primary bullish area of intra-day chart, and
• 0.7282 support level located near the border between the primary bearish and the primary bullish trend on the chart.
  

RSI indicator is estimating the ranging condition to be continuing by direction in the near future.

• if intra-day price will break 0.7342 resistance level so the primary bullish trend will be continuing.
  
• if intra-day price will break 0.7282 support so we may see the secondary correction within the primary bullish trend with the good possibility to the reversal of the price movement to the bearish market condition.
  
• if not so the price will be ranging within the levels.
  

• Recommendation to go short: watch the price to break 0.7282 support level for possible sell trade
• Recommendation to go long: watch the price to break 0.7342 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging