AUDNZD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of AUDNZD could test 1.0975 within the next 2 days. 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.
A Rising Wedge has formed, AUDNZD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
