Either a rebound or a breakout imminent on AUDUSD

AUDUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of AUDUSD to test 0.7394 within the next 18 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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