FX.co ★ AUDUSD breaking out.

Red line - resistance

Green lines- Bullish RSI divergence

AUDUSD is trading at 0.6822 having broken above the downward sloping wedge pattern. Short-term trend is changing to bullish as price is breaking higher. The combination of the bullish RSI divergence and the break above the red downward sloping resistance trend is a bullish signal. Price has potential now to reach 0.70. Support is at 0.6783 and next at 0.67.