After a wonderful bullish run the AUDUSD is now RANGING!:
On the H4 we can see that the price has been ranging for about a month now in a channel from which it unsuccessfully tried to escape twice - but strongly rejected each time: (The red band shows where most of the transactions/volume takes place)
On the H1 we can see the sideways CHOPPY movement which is deadly for trading. DO NOT TRADE THE AUDUSD NOW! Wait for a breakout and direction.