AUDUSD: Getting ready for a major breakout!

FX:AUDUSD   Australian Dollar / U.S. Dollar
3706 21 134
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.

Best Regards,
No7855 No7855
This may be more clear.

It broke the btm line, does that means it is expected to go all the way btm? :)
Any sort of links are highly appreciated!!
@ubersorg, i expect 0.8150 for now.
Technician PRO Technician
@Technician, excuse me 0.7150
nice move now - classic fake out to the top last week and now down-down-down baby :)
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
Technician PRO SaeedRehman
Thank you for your feedback. Appreciate it.
Awesome, thanks for sharing.
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