Double bottom: AUD/USD has been bearish since April 2013 and has not found a bottom yet. Every bottom attempt has been faded. After a low of 0.9033 last Friday, AUD/USD started this week failing to push below that and ended up completing a double bottom by the 7/9 US session, as seen in the 4H chart. The double bottom could turn out to be just sideways action because price has not been able to clear 0.9182 resistance. Instead if price falls below 0.91, it is likely still sideways-bearish with focus back on the 0.9033 low with further downside risk in the near-term toward the 0.90 handle. A break above 0.9182 opens up ... (full story)