I would like to know what is ranging:
Ranging was the name of the game for the AUDUSD yesterday, leaving the pair to close slightly higher at 0.9159. It appears that traders are preparing for the Reserve Bank of Australia’s interest rate decision due later today at 3:30 am GMT. More
Ranging is when price ping pongs between two price points or support and resistance and won’t break out either way.
Ranging can be a rest before a continuation of a previous trend or sign that a reversal of the trend may be coming.
IMO, that range was a rest, before AU heads long again.