The AUDUSD is still above the rising wedge but had rise to the new high level of 1.0256. If stay above the wedge, the price may rise to 1.04 0r 1.05. The intermediate support is at 1.01 and resistance at high of 1.0256.
The AUDUSD daily candle show a bullish candle last Friday. The price break through the resistance of 1.0226 and close above it may indicate further bullish sentiment. However, be cautious if the price break below the lower trendline of the rising wedge.
By The Backyard Burner
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