AUDUSD consolidates in a narrow trading range. What is needed to break out of the cage?

  • The AUDUSD consolidates above the 100 bar MA on the 4-hour chart and key swing area, and below the 200-day MA and 200 bar MA on 4-hour chart.

The AUDUSD is mired in a narrow 33 PIP trading range. In doing so, the pair is stuck "in a cage that confines". What is needed to break out and free the pair from its jail?

In this video, I outline the levels in play and explain why they are important for both buyers and sellers. Traders will be looking for a break with momentum.

AUDUSD

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