On the weekly time frame, we can see that the falling wedge is at the end of its days, but three important data will be released that can influence the price:
1) Japan GDP growth rate
2) Australia consumer confidence index
3) Australia unemployment rate
If the data will be positive for Australia and not for Japan, the wedge will likely breaks downward. Otherwise, the price could continue to rise or move sideway for some time.
1) Japan GDP growth rate
2) Australia consumer confidence index
3) Australia unemployment rate
If the data will be positive for Australia and not for Japan, the wedge will likely breaks downward. Otherwise, the price could continue to rise or move sideway for some time.