I believe the AUDUSD down trend is clearly OVER. Now, does that mean people should start buying. If you have a fear missing out on trade, then go ahead. Early birds mostly get the glory but not all the time. Just do not blame anybody when you make a trade.
AUDUSD right now is undergoing rough consolidation. This means it can make strong move up and strong move down like a spring that goes up and down.
A strong move up does not mean the start of a long trend. And a strong move down does not mean the continuation of a downtrend. Yes, the down trend is OVER but this does not suggest that a long trend will start immediately.
Wait and see where the market will lead us and then follow. Let the market carry us to the pot of gold.
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