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IlyaSpivak

AUDUSD wedge and range floor break may bring deeper drop

Penjualan
Dollar Australia / Dollar AS (FX_IDC:AUDUSD)  
IlyaSpivak  
FX_IDC:AUDUSD   Dollar Australia / Dollar AS
Wedge Support and Resistance Head and Shoulders AUDUSD rangebreakout
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wedgepattern supportandresistance headandshoulders audusd rangebreakout
AUDUSD is breaking through range support after completing a bearish Rising Wedge pattern, suggesting that the downtrend may be accelerating anew. Support in the 0.7222-44 zone is now in focus. A break below that puts into view the measured-move objective of a Head and Shoulders topping pattern formed from the start of the year (0.7120-30 zone). The 0.70 figure follows soon thereafter.

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IlyaSpivak
AUDUSD ready to resume decline?
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