Hi every one
AUD/USD

The AUD/USD has been in a rising wedge pattern for a long time (the pattern is in weekly time frame) but recently this pattern has been broken downward. There is also a regular bearish divergence (-RD) on both MACD and RSI indicators as well which strenghten the bearish movement. So the bearish movement is only on it's beginning and the bearish movement can continue.

Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.

Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

Thank you for seeing idea .
Have a nice day and Good luck

Our more recent analysis of AUD/USD :
AUD/USD has created a triple Bottom pattern!!
bearishdivergenceChart PatternsTechnical IndicatorsRising WedgeTrend Analysis

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