AUDUSD: Is That a Trap?! 🇦🇺🇺🇸

Short

Dollaro australiano / Dollaro (OANDA:AUDUSD)

OANDA:AUDUSD Dollaro australiano / Dollaro

Wedge Trend Lines Candlestick Analysis Forex forexsignals freesignals tradingsignals Technical Analysis Contains image

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snapshot

AUDUSD reached a key horizontal resistance.

After an attempt to violate that, the price dropped
and broke a support line of a rising wedge pattern,
showing a sign of strength of the sellers.

I think that the violation was a trap.

The pair may drop now at least to 0.6433

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