The AUDUSD now is rising steadily and seem like forming a rising wedge. The immediate resistance is at 1.01 and support at 1.0 parity.
The AUDUSD is above the H&S neckline and had the possibility to go to 1.018 before turning bearish. It had to rise faster to break through the rising wedge upper trendline for further price. If not, the market is expected to turn to bearish once the rising trendline is broken on the downside.
By The Backyard Burner
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