AUD/USD remains within a range despite broad-based Dollar strength that is seen in the markets following Thursday’s ECB decision. The pair bounced from a rising trendline seen on a 4-hour chart but the recovery was short-lived with a Fibonacci level holding the pair lower. A 38.2% retracement measured from November highs to lows at 0.7489 has been holding the pair lower on several attempts over the past two weeks. The pair reached the level shortly ahead of the North American open today and is seen threatening the rising trendline once again on the subsequent decline. The Dollar extended higher after Thursday’s gains ... (full story)