AUDUSD: Technical Outlook & Trading Plan 🇦🇺🇺🇸

16 Jan 2023

AUDUSD is approaching a key daily structure resistance.
To catch a pullback from that, watch a 4H time frame.
I spotted a rising wedge pattern there.

Wait for a bearish breakout of its support (4h candle close below).
It will most likely initiate a correctional movement.
Goals will be 0.6925 / 0.6888

Alternatively, a bullish breakout of the underlined blue zone will push the market higher.

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