AUDUSD Testing Below Wedge Bottom
AUDUSD sellers are testing the waters below the wedge bottom and looking to take out the April 21 low, 7682. A break below there would target the multi-year lows around .7550. On the other hand, a false break/trip back above the wedge top, would negate the wedge and suggest pair is actually ranging. We are short from .7756 with a breakeven plus 2 stop - ready for either scenario.
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