It's all about the yen and associated risk plays right now 20 April
AUDUSD fell in early trading as weaker oil prices saw a rush for yen again that pulled the pair down below 0.7775 support to post 0.7767.
A false break though as oil steadies, yen sellers return, AUDJPY climbs higher and therefore pulling AUDUSD back up to 0.7824 session highs.
Yes it's fickle and it's the nature of these markets at the best ( and worst) of times.
If you're finding it all a little confusing/too fast/too volatile just sit back a little and pick your levels at the fringes.
If you get your noses too deep into the trough and chase every pip you'll end up on the wrong side unless you're armed with great discipline and years of experience.
