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AUD/USD: Descending Channel

AUD/USD, 4 hours    LONG Apr 11
There is a descending channel developing, the price is ready to break out now. A descending channel is said to depict a reliable price signal that can be used to predict a downward trend is about to reverse into an upnward trend when price breaks out. A bullish run towards the 0.67 mark about to be made on a upside break.
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