AUDUSD is in a long term uptrend from the last couple of weeks. We might see a continuation of the trend. At the current level, it is trading in expanding wedge pattern, which indicates volatility in trend. According to chart pattern analysis, we might see AUDSUD trading in expanding wedge for numerous times. One can initiate short side trade with the proper risk management system and stop loss.

Thank You.

Vivek_Samale
Vivek_Samale

have half a decade of experience as a trader and enthusiastically learning & developing new strategies and convert it into algorithm trading & also analyzing the companies with ESG method.