The price has over extended and might retrace back to support with in the blue circle. The circle is an area where the 500 day EMA (pink line) and long term support (blue line) meet. Therefore there is a possibly of the price rebounding to make higher highs up the wedge.
Watch out tomorrow for the monthly U.S. unemployment rate rising from 4.6% to 4.7% (forecast) and the nonfarm payrolls report which could further weaken the U.S. dollar and help push the price higher.
Watch out tomorrow for the monthly U.S. unemployment rate rising from 4.6% to 4.7% (forecast) and the nonfarm payrolls report which could further weaken the U.S. dollar and help push the price higher.