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16 Sep 2020 pukul 20.32

USDAUD: A wedge for bullish Panjang

US Dollar/Australian DollarSaxo

Huraian

As we can see, the price has been fluctuating for a while. Although we do not see any specific trend of the fluctuating movement, we can fit it into a wedge.
The Bollinger Bands were not changed too much during the wedge, however, it’s not broad, which means the price could easily breakout.
The MACD just went through a bullish cross, so the price could go up after the cross. Also, the RSI shows a bullish trend too.
The falling wedge is a bullish signal. Combining all the signals together, the price could go up soon.
Lebih