AUDUSD May Return to BEARISH Trend?!
hey guys,
next week pay attention to a rising wedge pattern on AUDUSD daily chart.
due to a daily divergence and impulsive bearish movement on Friday,
the price may return to its long-term bearish trend.
daily candle close below the support of the wedge will confirm the continuation.
midterm for sellers will be 0.628 / 0.617 based on daily structure.
if the support of the wedge still holds, we may see a retest of current highs.
good luck!
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