AUDUSD – Dip buying in the corrective channel

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Monthly: Holding within a large Expanding Wedge formation that has an eventual bias to break to the downside. The whole move higher from the 2016 low (0.6827) has been and volatile, common in corrective formations Weekly: The mixed and volatile price action formed an Ending Wedge pattern (118 weeks of mixed results). We broke the trend of higher lows on week 23rd April. Reverse trend line r...