Tomorrow could provide an exciting Asia session, assuming volatility is your thing, as RBNZ provide their OCR decision and AUD traders eagerly await employment figures. Over the past five weeks the currency pair has exhibited four indecisive candles, whilst the bullish momentum which preceded this pattern has weakened. To me this suggests the cross could continue to range or enter a complex correction and, both on a technical and fundamental level, likely to remain in one for the weeks ahead. Early days yet but I have highlighted the potential for a Bearish Wedge to form on the lower timeframes. For the reasons ... (full story)