Currently, AUDUSD is ranging, and in a short term downtrend. If that downtrend is broken then for a risky trade take a long targeting the top of the range.
Otherwise, I would wait for a breakout. Retail sentiment has been short for a while now, so if there is a break down out of the range I expect a long term short move.
Otherwise, I would wait for a breakout. Retail sentiment has been short for a while now, so if there is a break down out of the range I expect a long term short move.