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AUDUSD – Reversal Chart Pattern – Falling Wedge

AUDUSD is heading towards the support line of a Falling Wedge and could reach this point within the next 22 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.