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AUDUSD Pulse for tonight: Undecided, stalling around 0.9500

Australian Dollar has been strongly whipsawing in the last hour. Having already broken the previous rising trend line on 5m charts, after reaching Level 2 resistance, it fell sharply right through the pivot down to first support and is now trying again to break psychological level 0.9500 after a violent rejection. Short-term views would favor a further break down to Level 2 Support.

I would advise to wait until a more definite direction is given along with a better risk-reward ratio, as the markets seem quite undecided at the present moment and are trading inside a tight range.


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