The Aussie finished Friday lower, printing Dark Cloud Cover on back of stronger than expected annual wage growth in the US. Reversal candle occurred at falling wedge resistance / former support confluence and pair looks set to resume lower.
Initial support is the .7296 - .7283 hourly zone, with a break below there confirming the top and targeting the lows above .7150. A break above .7365 would invalidate the set up and shift focus to the Dec 14 high at .7525.
Initial support is the .7296 - .7283 hourly zone, with a break below there confirming the top and targeting the lows above .7150. A break above .7365 would invalidate the set up and shift focus to the Dec 14 high at .7525.