AUD/USD H4 : The consolidation on the AUD market has continued. While on Monday the prices were moving in a quite narrow sideways corridor, on Tuesday the volatility grew.
As expected, the bulls tried to return the market to recent highs, but there was not enough positive dynamics. As a result, the aussie turned out to be located below the Model line (4), having broken the Rotation line (3).
Despite this, the upside Cloud has advanced a little bit (1,2), but at the moment both Leading lines are directed horizontally. It implies, the market has no definite intention to grow. Therefore, in the nearest time a decline to the upper limit of the Cloud should be expected. Read more