I don't like this pair and wouldn't trade it yet for any length of time other than intraday because price position is vastly uncertain but here's the details.
The longer term range is found between 0.9513 - 0.8815. That places the Long/ Short, Buy /Sell point at 0.9164 with 0.8815 support below.
Shorter term 0.8905. This number is vitally important because it defines where the shorter range will be located. Above 0.8905, the range becomes 0.8905 - 0.9243. Below 0.8905, the range becomes 0.8905 - 0.7764. So the Long/ Short Lines, Buy /Sell points are either 0.9074 above or solid support below at 0.8334.
If I break the ranges down further, I find 0.9393 - 0.8506 with the Long /Short Line, Buy / Sell Point located at 0.8949.
The major supports below include the following: 0.8546, 0.8569, 0.8617. Don't expect these points to break anytime soon if ever because the RBA is responsible for holding these levels up as they manage their daily exchange rate prices. AUD/USD prices should come down further because Inflation levels are to high so the important economic release in the days ahead is CPI.
Longer term Buy/Sell Points are as follows: 0.9164, 0.9074, 0.8949, 0.8905.
Intraday strategy. Short / Long below or above 0.8920, 0.8919, 0.8917 but here is where prices bump up against the vital 0.8905. I would be short for this day below all 4 levels and take the trade 30 - 50 pips below, take profit and get out and be happy because AUD prices reveal nothing more than very short ranges with little opportunity to score big pips.
Brian Twomey, Inside the Currency Market, btwomey.com