AUDUSD: Falling Wedge

AUDUSD, H4

AUDUSD is in the decline and currently navigating within a falling wedge.

The price is testing the crucial 0.6180 support zone, while the UsDollar strengthened, so two scenarios possible:

  • If the price bounces from the 0.6180 support it may rise to the upper border at the 0.6255 level.
  • However, breaking below the 0,6180 support will trigger a decline toward 0.6100

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