Disliked{quote} AUDUSD: it bounced from 0.73 at Fib-50 area as you expected. I see it may still return to retest .7280 area as it was a major key level in the past: 2004, 2005, 2006, 2008, 2009 {image} {image}Ignored
Continuing on the theme of "ranging in front of levels", considering that price has already found a nearby turning point at .7300, I am going to also consider some lower levels.
The level from the Feb. highs has the daily 200 MA coming in for confl. Another lower one that has 61.8 fib confl. It is possible that the current price cycle has already completed but in case it has not, I might consider an order split between these two areas.