theforexportal

AUDUSD in a very interesting wedge shape - which way next?

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUD/USD is held in an interesting wedge formation that dates back to the 9th of March. Its likely the price will squeezed between the boundaries of the flag/triangle/ pennant for several sessions to come.
Once price breaks free it should set the direction of AUD/USD for some time.
One to watch.