Technical Analysis : AUD/USD 8 May 2020

Forex Technical Analysis : AUDUSD

Target Level 0.6443

Date : 8 May 2020

Support Line (A) : 0.6443 – Last TP of Rising Wedge

Resistance Line (B) : 0.6548 – Last TP of Rising Wedge

Target Period : 11 hours

Interval : 15 Minutes

Pattern : Rising Wedge

Length : 154 Candles

Detail : Rising Wedge identified at 08-May-11:15. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.6443 within the next 11 hours.

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.