AUD/USD
Strategy: Pending Short
The sharp AUDUSD rally that began in March has hit major resistance in the 0.9228-0.9377 price congestion region even as overall positioning sets up a bearish Rising Wedge formation. The pair has put in an Inverted Hammer, hinting that downward momentum may be ready to begin, but confirmation is required on a meaningful bearish close for the current candle. We remain sidelined for the time being.
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