JHtrading

AUD/USD - Bilateral breakout impending

FX:AUDUSD   Australian Dollar / U.S. Dollar
1
Consolidation occurring in AU at the moment. Target to the upside = range of triangle mouth, confluent with 61.8% fib level. Downside target (preferred as in the direction of the trend, although less likely due to the dollar weakness we are experiencing in the DXY) = range of mouth added confluent with a key level of support.
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