(AUDUSD : 4 hour chart) AUDUSD seems like following a rising wedge trend which gives a bearish signal. So the pair might come down anytime breaking the support trend line of the wedge. If looking at the moving averages on the chart, keeping in mind that crossovers are not as important as spacing between the Moving Averages, all 50 day,100 day and 200 day SMA are converging or narrowing which is a sign that the trend is going to change or the investor’s view is changing. Long term moving averages are converging which indicate uncertainty. However we can also see that the 50 day SMA crossed the 200 day SMA from below and if it crosses the 100 day SMA also this will indicate that the pair might continue to move up.