AUD/USD: 1-hour

It looks like ranges are still in vogue for today, huh? AUD/USD's 1-hour time frame shows that the pair is still stuck in between support around 1.0150 and resistance at 1.0300. After bouncing from the bottom of the range yesterday, the pair looks poised to test the top of the range again as stochastic is starting to crawl below the overbought region. If 1.0300 holds as resistance, AUD/USD could slide back to the bottom of the range. Make sure you place your stops properly in case a breakout happens!