AudUsd- Is Aussie finally done?

17 בספט׳ 2020

From the beginning of June, AudUsd is trading in an ascending channel which is contracting and contracting and looks more like a rising wedge.
We also have a false break above the channel's resistance which, in my opinion, marks the top for the pair.
Is clear for me that Aussie lacks power at this point and a much-nedded correction is just around the corner.
At the time of writing AusUsd is trading at 0.7266 and a daily close under 0.7250 would reinforce my opinion and should trigger sales for the pair.
My soft target for this pair is 0.7 but Aud can fall even to 0.68 which is the target for the rising wedge pattern