The AUD/USD pair fell significantly during the day on Wednesday, but bounced off of the 0.72 level. That being the case, the market looks as if it is ready to continue to go back and forth in the recent consolidation area. The bottom of course is the aforementioned 0.72 level, with the top level been the 0.74 level. At this point in time, the market looks as if you can only play short-term charts, but we do think there is more of an upward bias off of those setups on shorter time frames.
