What say you, ForexLive participants? Has the AUD/USD range just ratcheted down?
The break below 1.02 and down to 1.0119 triggered excitement earlier in the week and then the grind back higher (nice pin bar BTW) and eventually to 1.03 sort of dulled it again.
So here’s a daily chart – have we seen the range ratcheted down to say 1.01 – 1.04, or is there a downtrend firmly in place for us to see to parity and beyond? (Parity sort rhymes with infinity).
Click on chart to make it bigger