forexnoobmaster007

AUDUSD rebounds within falling wedge supported by +divergence

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD has rebounded from the falling wedge pattern in which it has been moving from past one year. The bounce was supported by the positive divergence between the price and RSI indicated by blue lines. The upwards thrust can bring the prices to 0.68676. The stop loss for the entire trade will be at 0.66582.