Price Action Analysis on Aussie Dollar On the H4 Timeframe, AUDUSD retested the EMA200 and Continued its Downside Movement. The Breakout of the Rising Wedge Pattern Confirmed a possible downside movement in the future. The momentum indicator also made a bearish divergence, signifying a potentially bearish scenario.
Fundamental Drives - The Fed Potentially Rise another 25 Basis Points to Fight Inflation.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
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"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AUDUSD"