AUDUSD Technical Analysis 2014, 03.08 - 10.08: Ranging to Reversal - page 2
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D1 price did not break 0.9278 support level, and it is ranging between 0.9387 resistance with 0.9424 as a key resistance and 0.9274 support for now:
This trading week is finishing for now, and we see that D1 price is located between 0.9373 resistance and 0.9258 support levels.
0.9278 support level was broken but it is ranging market condition anyway:
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AUDUSD, D1, 2014.08.08
MetaQuotes Software Corp., MetaTrader 5, Demo
if we look at W1 price so we see that it is located inside Ichimoku cloud/kumo for ranging market condition. It means that AUDUSD will be started to be out of ranging zone only if the price will break 0.9040 support (which is unlikely in the near future sorry):
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AUDUSD, W1, 2014.08.08
MetaQuotes Software Corp., MetaTrader 5, Demo