Lay-Z

$$$AUDUSD DAILY FORECAST (CURRENTLY NEUTRAL) (READ DESCRIPTION)

FX:AUDUSD   Australian Dollar/U.S. Dollar
198 0 15
BOUNCE OR BREAK AREA!

$$AUDUSD, After Rejecting Daily Trendline Around The 0.770 Area,
snapshot

AussieDollar Has Drop 120pips Where It Has Re-tested The Famous Support TREND-LINE
Which Price Has Been Respecting Since June 2016.

I Have Also Been Able To Identify On The Daily T-F
That Price Has Formed A Rising Wedge Pattern Which May Indicate A Possible Continuation Of A Downfall
For This Pair,

However Price Is Currently Sitting On The Support Trend-line And 23.6 Which Could Also Indicate
This being an AREA where Sellers May Have TP, & Indicate A Possible Bounce In This Area.

ANYWAYS - WHERE IT GETS INTERESTING

MY Game Plan With AU -
Well Due To The Rising Wedge Price Is In, The Rejection OF THE DAILY TREND-LINE, &
My Game Plan Is To Sit Tight & Be Patience Yep Thats it, & Wait For A Potential Daily Break Of The Rising Wedge
A Daily Close Below 23.6% aka 0.76057 & Will Be Swinging This Pair Down TO 0.72918
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