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CANAL DESCENDANT
AUD/USD
1H
We can see that a descending channel takes place, the price is ready to break out.
A descending channel is considered to be a specific indicator that can be used to identify a break in the price direction once price breaks through the resistance.
There is a probability of a bullish price action to 0.717 on a breakout of the descending channel.
FANION
AUD/USD
1H
It looks like a pennant is close to being complete.
A pennant is considered to be a compelling bearish price action signal that can be used to identify a next move down if price breaks through the support.
It is not ruled out that a bearish push down towards the 0.715 zone will occur as audusd becomes weak.
CANAL ASCENDANT
AUD/USD
4H
It looks like audusd composes an ascending channel and the price is about to break out now.
An ascending channel depicts a reliable bearish chart signal that can be used to spot a further move down if price breaks through the support.
Audusd does not rule out a move towards 0.71 as audusd becomes depressed.
CANAL DESCENDANT
AUD/USD
1H
We can see that the price gives a descending channel, the price is ready to break out.
A descending channel indicates price reversal after a pause if price breaks out to the the upside.
Audusd risks a move to 0.717 as downside pressure mitigates.
CANAL DESCENDANT
AUD/USD
1H
The price shapes a descending channel, the price breaks out.
Once price breaks out, the resulting move could spot a countertrend succeeding the current trend.
There is a chance of a bullish push up to 0.717 as audusd nears 0.716 hurdle.
DRAPEAU BAISSIER
AUD/USD
1H
A bearish flag materializes, the price requires a more strong move as a signal of a breakout.
A bearish flag represents a bearish chart pattern that identifies an extension in the downward direction when price breaks out.
It is not ruled out that further decline to the 0.714 mark will happen while lower than 0.715.
BISEAU ASCENDANT
AUD/USD
4H
It looks like a rising wedge is recognized and audusd asks for strong pullback for the certainty of breakdown.
A rising wedge denotes a bearish indicator that often identifies a pause in an uptrending market once price breaks out.
Audusd is bearish and en route to 0.71.
CANAL ASCENDANT
AUD/USD
1H
An ascending channel has been exposed.
An ascending channel often identifies an upward trend is about to reverse into an downward trend once price breaks below support.
Decline to 0.716 is going to happen on a breakout of the ascending channel as indicators favor bears.
CANAL ASCENDANT
AUD/USD
1H
As we can see an ascending channel develops.
An ascending channel often spots an upward trend is about to reverse into an downward trend when price breakdown occurs.
Audusd to slump to the 0.717 mark while below 0.7175 as upside pressure mitigates.
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