AUDUSD -- Weekly Breakdown
AUDUSD Weekly Breakdown
On the weekly chart price shows us a perfect rising wedge pattern, with a respective breakout and retest. To take a trade, entries will have to be assessed on lower time-frames. However, this gives us a strong idea where price is heading in the longer-term which can help us decide on a respective trade.
Overall longer-term bias -- Bearish
Follow for more updates on this pair going into the week ahead.
Happy Trading!
On the weekly chart price shows us a perfect rising wedge pattern, with a respective breakout and retest. To take a trade, entries will have to be assessed on lower time-frames. However, this gives us a strong idea where price is heading in the longer-term which can help us decide on a respective trade.
Overall longer-term bias -- Bearish
Follow for more updates on this pair going into the week ahead.
Happy Trading!
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