We've been on a uptrend since December 15, 2011 on the Aussie. Some pull back is needed to to help alleviate all the market buy pressure. Price could not hover above 1.0841 and now we are cosolidating between 1.0841 and 1.06372. Take note at the MACD histogram. We are finally under the zero line which means a change in trend. I am looking for shorts right now. The sentiment index is showing 40% long, and 60% short which means we are net long still. I am looking for short entry on the 5min. on AUD/USD. Lets see what happens.
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