AUD rising wedge, and currently supported above the 5-day 50% level....I still have the view on the AUD/USD spread as per the Weekly Report on the 24th May....
Monday was a flat trading day, but with price still coming down from the spiral filter tops, then expectation still remains that the 90-95 pip range should complete downward:- after 41 pip exit run stops above the spiral highs...
Shift in levels on Tuesday, if Tuesday continues to find support above the 5-day 50% level and breaks .9626 then price will probably push up towards the 5-day highs.....
