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DeGRAM
Apr 1, 2024 1:52 PM

DeGRAM | AUDUSD correction after false breakout Short

Australian Dollar/U.S. DollarFXCM

Description

After breaking through the ascending channel, the price unsuccessfully tried to return to its boundaries.

AUDUSD is now moving in a narrow range.

The asset is likely to try to return to the channel once again and then go down to retest the support.

We expect a bearish move.



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