Australian dollar /United stase dollar future contract is trading in a Big Rising Wedge, I thinkit will be broken and price might fall.
We can clearly see a divergence between ON BALANCE VOLUME and PRICE.
Fundamentally AUD is going upthese days due to Optimism about a Covid-vaccine and a V -shape recovery in international indices. However there are still high...
This is futures, not spot pricing. Please see the other chart (link below) for the larger view.
So far this has worked perfectly.
Still want to see .78 before the large short, but we may fail short of it.