Continue to look for entries to the upside on the AUDUSD

The AUDUSD continues to be range bound this week. We think the bottom is near and we should start to see a price correction to the upside in August. In the coming week, we may see a fake out to break the low but that should be short lived.

BULL CASE
The pair is ready to move up from these levels to break the 0.75 and the 0.76 levels.

BEAR CASE
The pair fakes out to the downside to break the 0.728 levels before quickly reversing to break the 0.75 and 07.6 levels.