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AUD/USD: Ascending Channel

AUD/USD, 1 hour    SHORT 23 hours ago
We can see that the price composes an ascending channel, AUD/USD expects a further impulse down as a clue of a breakdown. An ascending channel tends to be a specific bearish price action pattern that indicates a bullish-to-bearish trend reversal if price breaks out. A bearish push down to the 0.6695 level is a possibility on a breach of 0.6698.
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