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DESCENDING CHANNEL
AUD/USD
1H
A descending channel is close to being completed, the price is ready to break out.
When price breaks out, the move could identify a downward trend is nearing its end.
A rangebound to the 0.712 mark is not ruled out.
PENNANT
AUD/USD
1H
There is a pennant revealed and audusd expects a more active move to confirm pennant breakout.
A pennant depicts a compelling chart formation that identifies that the price to go down once price breaks out to the the downside.
A bearish push down to the 0.712 mark is a possibility.
ASCENDING CHANNEL
AUD/USD
1H
We can see that an ascending channel is close to being done and the price expects a bearish move for clear breakout confirmation.
When price breaks out, the resulting move could predict an upward trend is nearing its end.
There is a probability of a bearish continuation to the 0.712 level.
RISING WEDGE
AUD/USD
1H
A rising wedge is close to being completed, the price breaks out now.
Once price breaks down, the resulting move could signal a bearish move.
Audusd could attempt a move towards the 0.715 zone as audusd becomes bearish.
DESCENDING CHANNEL
AUD/USD
1H
It looks like a descending channel pops up and audusd calls for a more active move to confirm descending channel breakout.
If price breaks out to the the upside, the move could spot a bullish price move.
A bullish push up to the 0.718 zone is on the cards once above 0.716.
DESCENDING CHANNEL
AUD/USD
1H
A descending channel is encountered, audusd requires next strong push up for clear breakout confirmation.
A descending channel identifies a technical bullish formation that often indicates a bullish price action if price breaks out.
Audusd challenges a move towards the 0.716 mark once beyond 0.714.
FALLING WEDGE
AUD/USD
1H
It looks like a falling wedge comes out, the price calls for a next steady bullish continuation as a verification of a breakout.
A falling wedge can be thought of as a reliable bullish chart pattern that typically predicts a bearish-to-bullish trend reversal if price breaks out.
A further bullish move towards the 0.718 zone is probable on a upside break.
RISING WEDGE
AUD/USD
1D
There is a rising wedge forming and the price is close to breaking out soon.
A rising wedge depicts a chart formation that typically results in a bearish move if price breaks below support.
There is a chance of a bearish continuation towards the 0.71 mark on a breach of 0.722.
DESCENDING TRIANGLE
AUD/USD
1H
A descending triangle is nearing completion, the price is going to break out.
A descending triangle typically results in that the price to go down if price breaks through the support.
It is not ruled out that a bearish move towards 0.723 will form as upside pressure mitigates.
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