Emerging Falling Wedge pattern in its final wave was identified on the AUDUSD 4 hour chart. After a strong bullish run, we find AUDUSD heading towards the upper triangle line with a possible resistance at 0.6705. If the resistance shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
Target: 0.6705 Entry: 0.6693 Stop: 0.6651