AUDUSD, Daily
In the Daily timeframe, AUDUSD formed a rising wedge pattern and reached the upper trend line. The price has reached the upper Bollinger line and is testing critical resistance, although bullish sentiment is extremely strong.
- If the price breaks the trend line above the resistance at 0.6740, a rise to 0.6840 can be expected;
- A rebound from the trendline will drop AUDUSD to the lower trendline to 0.6670.
