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DESCENDING CHANNEL
AUD/USD
1H
There is a descending channel happening and the price breaks out.
A descending channel denotes a technical chart signal that is used to predict that prices are likely to keep rallying upward if price breaks above resistance.
A bullish price action to 0.675 stays on the cards as weakness seen overdone.
ASCENDING CHANNEL
AUD/USD
1H
An ascending channel happens.
An ascending channel typically identifies a temporary interruption during a rising market once price collapses through the support line.
Audusd tests a move towards the 0.673 mark.
ASCENDING CHANNEL
AUD/USD
1H
There is an ascending channel emerging and the price is going to break out now.
An ascending channel represents a reliable price formation that is angled up that often spots that the price to go down once price breakdown occurs.
Audusd to increase bearish potential towards the 0.672 mark on a breach of 0.6725 as audusd is at a brink of a bearish breakout.
DESCENDING CHANNEL
AUD/USD
1H
As we can see a descending channel has been encountered and the price is going to break out.
A descending channel is a technical bullish formation that identifies a bullish move when price breaks through the resistance.
Audusd looks ready to further extend its gains to 0.671 on a breakout of the descending channel.
FALLING WEDGE
AUD/USD
4H
A falling wedge emerges and the price is close to breaking out.
A falling wedge denotes a technical price action formation that signals a trend change to the upside if price breaks out.
A bullish price action to the 0.671 mark is going to happen.
BULLISH FLAG
AUD/USD
1H
There is a bullish flag coming out and the price is ready to break out.
A bullish flag often spots a temporary interruption of an existing trend if price breaks out to the the upside.
It is not ruled out that a bullish run towards 0.67 will occur on a breach of 0.6692.
RECTANGLE
AUD/USD
1H
We can see that audusd composes a rectangle and audusd calls for a bigger move as evidence of a breakout.
A rectangle describes a specific bearish price action pattern that is used to signal an extension in the downward direction if price breaks down.
Audusd to turn bearish towards the 0.667 mark.
ASCENDING TRIANGLE
AUD/USD
1H
There is an ascending triangle turning up.
Once price collapses through the support line, the resulting move could signal extending an downtrend.
Audusd risks a correction to 0.669 as door open for the continuation of the downtrend.
DESCENDING CHANNEL
AUD/USD
1H
The price develops a descending channel.
A descending channel depicts a specific bullish price pattern with a downward bias that typically results in the bears have run out of steam once price breaks above resistance.
Audusd challenges a move to 0.671 on impulse above 0.67.
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