Tecnologia_Financiera
Long

AUDUSD Wedge pattern structure breakout

FX:AUDUSD   Australian Dollar/U.S. Dollar
53 0 1
Price broke the structure with a strong bull candle.
MACD is showing divergence
Beware of the resistance levels shown.

The wedge chart pattern signals a reverse of the trend that is currently formed within the wedge itself. Wedges are similar in construction to a symmetrical triangle in that there are two trendlines - support and resistance - which band the price of a security.
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