The AUDUSD pair has been rising today, off the back of a long legged doji candle which was formed yesterday. This move higher today seems to have found new support and thus I am looking for the pair to be moving higher over the coming days. The daily chart below shows that the pair is in the process of making a morning star reversal formation, following the long legged doji yesterday. The downward trend in this pair is certain clear, with strong and consistent selling coming off the back of a break below the crucial 0.867 level. However, we were always likely to see some form of retracement sooner or later and this ... (full story)