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AUD/USD: Descending Channel

AUD/USD, 1 hour    LONG Mar 10
It looks like a descending channel is discovered and the price calls for a more strong bullish continuation to confirm descending channel breakout. A descending channel is said to depict a technical bullish price indicator that is used to signal a downward trend is nearing its end once price breaks out. AUD/USD looks ready to further extend its gains to the 0.664 level on a breach of 0.663.
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