AUD/USD has formed a Rising Wedge pattern on the 4H chart. The pattern has 87% quality and 81% magnitude in the 207-bar period. The pattern began on 3rd of December when the pair dipped to 1.0394; currently it is trading at the patter’s support/20-day SMA/daily pivot (S1) at 1.0519; gap between pattern’s support and resistance narrows by 125 pips in 100 bar period. Trading volume seems to be in the same level in the length of the pattern. Technical indicators on aggregate point at appreciation
