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AUDUSD Consolidates Below Key Resistance, Forms Inside Pin Bar

Jul. 19, 2013 7:24 PM ET
Nial Fuller profile picture
Nial Fuller's Blog
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The AUDUSD consolidated today and we can see in the chart below that it formed an inside pin bar setup in the process. The trend is clearly still bearish in this market, although recently we have seen sideways price action / range-bound conditions dominant. We could see a move back down to retest the key support near 0.9035 - 0.9000 early next week if the market pushes price lower from today's inside pin bar sell signal.

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