Since my last blog on AUD/USD, the pair turned and went up to the 0.7700 level (I thought 0.7650 will offer resistance but it didn't offer much of anything), reversed and is now back again at the 0.7630 (As I like to call it - Major Confluence Region). My analysis for the pair still suggests a break below this level.

Now when that happens, I will look for the retest and will look for short opportunity with the target of next support level which should come at around 0.7560.



Patience is a key element of success.
- Bill Gates
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