AUDUSD has been trading within a large contracting triangle and is now at the top of the range again. Additionally, there is a POTENTIAL for a CYPHER pattern forming with the C point potentially being established at the top of the triangle. The C point also is near the 50% retracement of the larger recent down trend and is resting at a previous resistance put in back on 3/12.
Looking for this pair to resume the larger downtrend within the contracting triangle and complete the CYPHER pattern.