AUDUSD Chart Technical Outlook breaks the wedge formation to the downside, the focus remains on 0.6635.
AUD/USD has broken out of the ending wedge formation to the downside. Although we witnessed some upward pressure yesterday, sellers have returned overnight.
The measured move target for the wedge breakout is 0.6697. At 0.6635, we have a 261.8% extension level and bespoke support.
Intraday resistance is located at 0.6765.
Resistance: 0.6765 (bespoke), 0.6797 (point of control), 0.6824 (swing high)
Support: 0.6707 (161.8%), 0.6697 (measured move), 0.6635 (confluence)
