AUDUSD it is always good to see a larger picture
AUDUSD has been rejected from the strong upside resistance of 0.8010 as you can see on a weekly chart. On a daily chart, you can see that it is breaking below the rising wedge support of 0.7760. If we don’t see a bounce and a break above the 0.7800 again the pair could go to a deeper pullback lower to 0.7235. This could change the upside reversal dynamic substantially.
Note – Look for the short trade entries on a break below 0.7600
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