AUDUSD moved up significantly again after GDP data and testing short term support 0.9270 level. Aussie dollar closed the day at almost day high and moving toward key resistant level 0.9374 again today.
It looks like the trading range of AUDUSD is getting smaller within 100 pips. If price can not break 0.9374, our view is still bearish on AUDUSD.
Forex Trading Signal:
We will watch for signals to short Aussie again at 0.9360 – 9375.
-0.9440 – 0.94650