AUDUSD – Retest of the wedge breakout

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Monthly: We have broken the large Expanding Wedge formation to the downside. The whole move higher from the 2016 low (0.6827) has been and volatile, common in corrective formations. We posted a bullish Hammer for the month of January. Reverse trend line resistance is located at 0.7270. Weekly: Broke the wedge formation to the downside and reached the measured move target of 0.6827. A bearis...


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