The AUD/USD is on the radar as it sells-off through October lows today. The wick that touched 0.9268 just before Noon EST has since seen bullish momentum return and made a run at the 0.9300 major psychological level resistance. Despite all the selling, the daily market remains in a range albeit not the tight consolidation that preceded the momentum breakdown. For this move to usher in a bearish Directional Bias, the gap are between 0.9332 and 0.9244 must be broken otherwise this will simply become the new floor for a wider, choppy range. Therefore the gap floor can be considered a level that some traders could look ... (full story)