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DJW1998
Jul 14, 2021 8:00 AM

AUDUSD - 4H CHART ANALYSIS 

Australian Dollar/U.S. DollarFXCM

Description

Hi everyone,

Please see attached my AUDUSD 4H chart analysis.

As we can see price has entered a downtrend creating lower highs and lower lows in which it is forming a descending wedge.

I will be watching this closely in the coming hours/days to analysis price to see if we can se a potential break out.

I am expecting price to continue to the downside before rising up and breaking the wedge and then we should see a continuation to the upside but add this to your watchlist.

DWFX
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