What to watch: AUD/USD back to retest upper wedge resistance The breakdown in the US dollar may be well-cheered by the AUD/USD, which found its way back to retest an upper wedge trendline resistance around the 0.671 level. Having met some resistance earlier in May 2024, another quick retest of resistance within a short span of two weeks may raise the odds of a successful upward break. Overcoming the 0.671 level may potentially leave eyes on its December 2023 high at the 0.687 level. On the other hand, failure to get past the wedge resistance could prompt a move lower to the 0.658 level, where a near-term minor double-top neckline may stand. Key economic data to watch ahead includes Australia’s 1Q gross domestic product (GDP) release tomorrow, with expectations for growth conditions to grow 0.2% quarter-on-quarter, unchanged from 4Q 2023. #OPINIONLEADER# #trading# #BeginnerTalk# #FX# #AUD/USDJumps#