AUDUSD is testing the rectangle wedge support
AUDUSD is testing the rectangle wedge support 0.7470. Bounce from here would lead to a test of the upper rectangle resistance 0.7800. A break below 0.7470 would lead to a reversal lower and a larger pullback to 0.7300. This is a key wedge consolidation for the upside continuation.
Note: you can go long with a stop loss below 0.7450. If the trade will be stopped reverse to a short trade
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