The Australian Dollar (AUDUSD) on the daily chart (D1) tested the ascending trendline and bounced down, hitting the 38.2% Fibonacci level. It seems that the upward movement inside the wedge is coming to an end, indicating a potential correction. On the 5-minute chart (M5), a confirming reversal pattern IKI has formed. A breakout fractal below the intersection of the fast MA12 and slow MA288. Traders who missed taking scalping profits before the current day's low can consider entering short positions after the confirmed breakout of this low. Place stop loss according to your risk tolerance.
