Shorted AUDUSD last night and started to take out multiple profit levels as I expected the AUDUSD to not move down that easily as I am trading against the main trend. I was looking at 0.7902 as a support level to break and the moment I saw buys coming in at that level I was out. The next move is a key move for the AUDUSD. The 0.8000 is a level which I believe many traders are eyeing. A close above that level would see fresh buyers coming in as price then moves out of the 5 day mini range area of 0.7989-0.7874.
I am still remaining my long term bullish view on the AUDUSD as its economic conditions is recovering well.