FX:AUDUSD   Australian Dollar / U.S. Dollar
198 0 5
$$AUDUSD, (Monday Week 34/52)


Previous AUDUSD             Forecast
After Rejecting Daily Trendline Around The 0.770 Area,
AussieDollar Has Drop 120pips Where It Has Re-tested The Famous Support TREND-LINE
Which Price Has Been Respecting Since June 2016.

I Have Also Been Able To Identify On The Daily T-F
That Price Has Formed A Rising Wedge Pattern Which May Indicate A Possible Continuation Of A Downfall
For This Pair,

We Finally Get The Breakout Which We Was Anticipating From The Daily Rising Wedge Chart Pattern And Daily
Candle Failing To Close Above The 23.6%.

Unfortunately Due To The Impact Of The News On Friday We Was Unable To Seek A Good Entry So My Plan For Getting In-To
This Pair Is By Waiting For The Daily Candle To Close Below
0.382% Then I Will Aim For 0.74440 Which is Just Below The 50% Ratio As My TP1 Area ( Which is 90Pips Away From My Entry.
If Price Continues TO Break Lower I Will Aim For The 0.764 Area But Will Be Cautious And Alert On Areas Where Price May Bounce

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