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AUD/USD: Rectangle

AUD/USD, 1 hour    SHORT 5 days ago
The price shapes a rectangle and the price needs a more steady move as a clue of a breakout. A rectangle depicts a price action signal that often predicts a next move down once price breaks through the support. Extra downside towards the 0.634 mark looks possible on a breach of 0.635 as bears looking for profit.
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