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ASXAUD (Australia 200 Index)- Rising Wedge Breakout

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Australia (ASX) / Australian Dollar (EASYMARKETS:ASXAUD)  
ALIHAMID  
EASYMARKETS:ASXAUD   Australia (ASX) / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
ASXAUD was in bullish trend and was making HH and HL. Divergence on RSI appeared on hourly chart. Rising wedge formation was formed. Now instrument give breakout of the Rising Wedge pattern downside. Most probably, trend reversal is expected.
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