RicardoJoel replies to: AUD/USD

AUDUSD is trading above the support level 0.73539 and forms a downward wedge pattern in a technical 4-hour chart. I expect the bullish momentum to continue for next trading hours, pair would face hurdle at first resistance level at 0.73849 and if it sustains above this level then it will face second resistance at 0.74033. Further mounting pressure will force the pair to climb till level of 0.74349.

If it crosses the support level then it could get second support at 0.73470 and may witness a fall till level of 0.73114 after sustenance below third support at 0.73305

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