Price is breaking out of 6 month wedge
ANZ Forecast next Rate Move is downward = Bearish
Business Confidence plunged, next catalyst to break it out of the wedge and finally send it lower.
FX:AUDUSD Aud/Usd is sitting on the verge of 3 Resistance Points: Monthly Cam S4, Top of Descending Triangle, and Top of smaller Ascending Trendline. All points converge at the 0.7670 Area.. This currently presents a wonderful shorting opportunity at this level.. *Take note however that AUD trade balance will be reported tonight @ 9:30pm EST