The aussie is slowly becoming my most frustrating currency, mind you, I used to say that when trying to short the mofo well above parity

;-)

Here we are again looking like failing at an old resistance level of 0.9450/60

AUD/USD Daily chart 23 07 2014

AUD/USD Daily chart 23 07 2014

Even with the inflation numbers I don’t think anyone ise is really expecting rate rises nor rate cuts over the economy. Last nights move looks overdone and the failure up here is going some way to confirm that.

0.9450/0.9320 is the short term range to play and 0.9200 is the bigger line in the sand down below. The edges are your friend at the moment as we go sideways. Patience is needed so as not to get caught out in the middle.