Aussie remains trapped within the trading range. You can trade your range play strategies, I prefer to wait for nobrainer setups. 0.93 is still the key level to watch for any bullish movement. 0.9030 is the immediate support area to watch. A break of these levels will interest me.
For short term intraday trading, there are some levels to watch within the range. 0.9230 is the support level I watching. As a personal preference, I like to trade the reversed level, in other words, I prefer the break of support and initiate a short position at the pull back.
The next immediate support is seen at 0.9170 ish, and 0.9110.
Here is the hourly chart of AUDUSD with key levels marked.
The false break at the 98.25 level as mentioned in my previous post did not happen. USDJPY did not manage to close above the level. Instead we are likely to head to 97 now.
Here is the H4 chart of USDJPY with key levels marked.
And here is the H1 chart of USDJPY
That’s all for now. More later. Remember, it is NFP week, so keep trading if you want, and be cautious.