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

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