AUD/USD is incredibly close to the long-term resistance and profit potential is becoming limited for bulls. I'm looking to short soon once I can see a clear breakout from the rising wedge. Also, my price target will be .745 to .748, for I believe this will retest the 200 day moving average. Key Points - Rising Wedge (Bearish) - Double Top (Bearish) - Long-Term Channel Resistance (Bearish) - MACD Crossover (Bearish) - RSI (Neutral)
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Took profits at .746 and looking to re-short for the next wave down.