Sideways trading: The AUD/USD has been trading more or less sideways since the start of October. But since hitting October low of 1.0148, the AUD/USD has been trading with higher highs and higher lows, albeit in a choppy manner. Double top, momentum: However, we got a double top to end last week, which established some nascent bearish momentum, that has not been “killed”. The RSI is at 60, and if it swings below 40, price is likely to break below the 1H trendline, and introduce another bearish swing. Still this near-term outlook remains within the crossroad between key trendlines seen in the 4H chart. The 4H chart ... (full story)