AUDUSD potential wedge top to break lower to target 0.7223?
Currently still testing resistance at 0.7385. Pair may be looking at 0.7223 as a possible price magnet so watching out for a break lower (0.7325) as I indicated in a related post (see link below). This is a short-term setup as I am still bullish overall, especially if market breaks 0.7385-0.7400 on a daily closing level. Alternatively, waiting for a buy setup at 0.7325 is also reasonable rather than shorting.
Kommentar:
Here's how the 4HR chart is looking:
