Alex.Singletary

AU Trend Reversal or Correction?

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
6
Really important levels coming up on this guy. I believe for now resistance is inside the orange box and will stay that way. Any break above will retest previous highs+. More than likely will see a test of 7600 area. Break or bounce there very key as you can see with the ascending wedge. Breaks below 7600 will test 7500+. Bias Short until that trendline is tested, and then let the chart be the answer from there.
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