It looks like AUDUSD
had broken out of the flag pattern
from my previous analysis and gone up a bit just to come back down to retest the rising TL. It is currently experiencing a lot of resistance with the 50 SMA
, rising TL, and near lower channel. As long as PA doesn't break 0.7545 I still expect a bullish
move. If PA breaks that support level
, then we will wait and see which direction of the channel PA breaks out of.
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