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AUD/USD reaching important level, the 50% of the last bull move from the low FEB.2009 to the high july.2011 as showing on the monthly chart below, also this level was a support level as shown in the yellow box.
On the weekly chart the 6.5.2013 weekly bar broke the 10 month channel due to the RBA cut rate which pushed the price to the bottom channel line and its testing it again this week after fears of possible another rate cut due to the last weak job report.
On daily chart below the price didn't decide the direction of the next move awaiting the orders from RBA, in my view the consolidate will continue within the channel borders awaiting RBA decision.
On the weekly chart the 6.5.2013 weekly bar broke the 10 month channel due to the RBA cut rate which pushed the price to the bottom channel line and its testing it again this week after fears of possible another rate cut due to the last weak job report.
On daily chart below the price didn't decide the direction of the next move awaiting the orders from RBA, in my view the consolidate will continue within the channel borders awaiting RBA decision.
