$AUDUSD watch areas for Wednesday, Mar 2 2016.

$AUDUSD is stuck in an ascending wedge pattern coming into Asia this morning with two important levels to clear for it to find it's direction. A move above 7220 could see that level used as support for a move higher with potential support areas around 7200 and higher again at 7230.

Moving below 7140 will give the opportunity for the resistance area from yesterdays session between 7140 and 7150 to help the pair move further to untested support areas below 7100.