AUDUSD Rising wedge breakout-

May 31, 2022

Bearish: We are currently @ 0.7166 out of a rising wedge which is bearish  We are looking for a continuation to the ATR target 0.7110 area and then the 0.382 Fibo @ 0. 7061. Watch the USDX for any change in direction. The ATR for the pair currently is 88 pips per day and its 180 day average is 78 pips per day. USDX is currently up at the time of this post.