AUD/USD Analysis – Symmetrical Broadening Wedge

newzeeland_dollarAUD/USD consolidates within a symmetrical broadening wedge

The AUD/USD pair remains within the symmetrical broadening wedge pattern and shows strong volatility. The pair has formed an inverted head and shoulders pattern, and a break above the neckline at $0.6305 may push AUD/USD to the $0.6350 level. Moreover, a break above $0.6350 may initiate a strong rally to the upside.

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