FX:AUDUSD   Australian Dollar / U.S. Dollar
Price has reached a very powerful area of resistance today which aligns with the long term descending trendline which was rejected today. Price is currently in a rising wedge bearish reversal pattern, & if a breakout occurs we can anticipate a bearish impulsive wave to occur & for price to make a new potential low towards the lower boundary trendline below.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.