AUDUSD May Return to BEARISH Trend?!

3 May 2020

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!