AUDUSD sellers are testing the waters below the wedge bottom and looking to take out the April 21 low, 7682. A break below there would target the multi-year lows around .7550. On the other hand, a false break/trip back above the wedge top, would negate the wedge and suggest pair is actually ranging. We are short from .7756 with a breakeven plus 2 stop - ready for either scenario.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.