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AUDUSD ascending wedge on monthly is bearish

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
PontusTrader Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Supply and Demand Wedge AUDUSD AU
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supplyanddemand wedgepattern audusd au
We have an ascending wedge on the monthly chart for the AU - an ascending (rising) wedge in a higher downtrend is bearish. On top of that, the coming price range between the two dotted horizontal black lines is the most likely area to cause a churning of price from this recent move up.

Will keep an eye on this one but should play out in the coming weeks.
Comment:
Monthly view update. Price now tagging upper resistance, can overshoot slightly but this is where I expect the reversal to begin.

snapshot
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