Technician

AUDUSD: Getting ready for a major breakout!

FX:AUDUSD   Australian Dollar/U.S. Dollar
3684 21 133
The AUDUSD             has is closer to a major directional move.

This is the weekly chart, and therefore this is a longer term chart for you to have a secular view of what's going on with the pair.

Bollinger bands has narrowed significantly, as volatility drops. While the price settles at the main long term falling trend line . My strategy for this pair is to wait for a breakout above or below the triangle formation and trade in the direction of the breakout. Minimum targets for the two scenarios are outlined on charts by the horizontal lines.

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Technician
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No7855 No7855
This may be more clear.
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It broke the btm line, does that means it is expected to go all the way btm? :)
Any sort of links are highly appreciated!!
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@ubersorg, i expect 0.8150 for now.
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Technician TOP Technician
@Technician, excuse me 0.7150
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nice move now - classic fake out to the top last week and now down-down-down baby :)
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Technician - your charts and analysis have always been clear and the way you explain things is really good. Many Thanks for sharing your time and knowledge
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Technician TOP SaeedRehman
Thank you for your feedback. Appreciate it.
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Awesome, thanks for sharing.
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welcome
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