On the $AUDUSD weekly chart, we can see that the pair is reaching the 0.7000-0.7050 zone of the broken double top target. This double top target zone along the falling wedge and RSI (13) positive divergence should provide some support. If we get a bounce from here the target is a key 0.7150 level for the possible extension higher into the 0.7220 level. The invalidation of the upside swing will come only in the case of a daily close below the 0.7000 level.
Note: look for the long trade entries with a stop loss below the 0.7000 level.
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