AUDUSD 8/23/2017

8/23/2017 Close: I am still bullish on this pair. Today we formed a Pinbar that rejected the 8 EMA, 18 EMA, .38 and .5 FIB. Still expecting additional upside on this pair out of consolidation based on the weekly price action. We are in consolidation for the moment. We could see retracement to .7875 to touch the Trend Line for the third time. I am on the sidelines until we see more movement.