AUDUSD | Descending Broadening Wedge
From the previous idea on AUDUSD the price contained lower by
completing the "E" leg of the patten.
Today we saw a hawkish RBA that may increase the interest rates
by 40 bps.
This bullish statement can move the price higher.
However the price will face again resistance close to the line of the
pattern by developing it more.
A breakout of the pattern will confirm the bullish momentum that may
increase in the coming weeks.
Thank you and Good Luck!
Previous idea!
From the previous idea on AUDUSD the price contained lower by
completing the "E" leg of the patten.
Today we saw a hawkish RBA that may increase the interest rates
by 40 bps.
This bullish statement can move the price higher.
However the price will face again resistance close to the line of the
pattern by developing it more.
A breakout of the pattern will confirm the bullish momentum that may
increase in the coming weeks.
Thank you and Good Luck!
Previous idea!
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✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
www.youtube.com/@TradingPuzzles
✅My FX Broker
bit.ly/49VySJF