AUDUSD was identified at around 0.66102 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.6656 level.
Supported by Upward sloping Moving Average
Target: 0.6656 Entry: 0.661 Stop: 0.6559