On the AUDUSD we can clearly see a triangle forming. I am expecting one of four things to happen:
1: A breakout to the upside, followed by a direct move up 2. A breakout to the upside, followed by a small move up and then a retracement back down to the trendline. From here the price should bounce and go up again 3: A breakout to the downside, followed by a direct move down 4: A breakout to the downside, followed by a small move down and then a retracement back up to the trendline. From here the price should bounce and down up again