The AUDUSD is trading between the 100 and 200 hour MAs (blue and green lines) after consolidating in a choppy area over the last few weeks of trading. The price bottom over that time is obviously well defined with a double bottom. On the topside, a trend line attracted sellers on Friday's run up and failed on the break just above that line (blue circle 3). Today, the price tried to stay above broken trend line support but dipped below in London/NY trading and also fell below the 200 hour MA as well. For most of NY session, the price was content to stay between the "Goal Posts" (as defined by the 100 and 200 hour MAs). ... (full story)