Well no real direction so far this week, and the chart is still very much bearish. From today onwards we should see what direction it wants to take especially with Bernanke speaking tonight. If it decides to go down great it will close the week in the red, but if it decides to go up well i think 99.30 is a level that might see some short term bullish movement.
The aussie has been ripe for shorts this week, a trading range is playing out at a key level. I have played two great 70 pip shorts from the same area. Here is my video analysis and trade. http://www.youtube.com/watch?v=JJVabtD9kQk
Good insights. But someone in other aud/usd thread saying the opp , he said will go upwards.