Dark Cloud Cover at TL resistance
The Aussie finished Friday lower, printing Dark Cloud Cover on back of stronger than expected annual wage growth in the US. Reversal candle occurred at falling wedge resistance / former support confluence and pair looks set to resume lower.
Initial support is the .7296 - .7283 hourly zone, with a break below there confirming the top and targeting the lows above .7150. A break above .7365 would invalidate the set up and shift focus to the Dec 14 high at .7525.
Initial support is the .7296 - .7283 hourly zone, with a break below there confirming the top and targeting the lows above .7150. A break above .7365 would invalidate the set up and shift focus to the Dec 14 high at .7525.
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