AUD/USD Wedge Opportunity

Bearish  

AUD/USD is currently at 0.7794 in a wedge in a channel. 

We have convergence in play for the down move and USDX is trying to rise.

If we can break the support here, we are are looking for a move to the ATR Target at 0.7694 area which is also a significant support.

AUD/USD wedge opportunity

Watch the USDX for any change in direction. The ATR for the pair currently is 83 pips per day. 

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