AUDUSD triangle points to 0.7300

For the first time since late February we are able to draw a valid down trend line on the AUDUSD. Combined with the last of the valid up trend lines, we are now in a triangle pattern, with a measured move indicating a move to the low 0.7300's should we see a break to the downside.

Price is capped at 0.7503 and 0.7435 for the moment, so anything between those levels is range trading activity until we see one of those levels broken.