AUDUSD Rising wedge continuation

AUDUSD currently trading below its daily resistance zone after rejecting the zone with a big engulfing bar. Price rotate lower and moving towards its role-reversal level.

We can see a Rising wedge continuation pattern formation on daily chart and price might break the lower trendline of the pattern next trading day and breakout target is 0.91xx level.

WEEKLY

Price rejection from weekly 50% Fib level.

AUDUSD Weekly

DAILY

 

AUDUSD Daily