AUDUSD Bear channel continues

FX:AUDUSD   Australian Dollar / U.S. Dollar
131 0 0
The weekly chart for this pair has had two decent legs up and failed at the 20 week moving average. This bull flag comes late in a rally and so there is a good probability for a failed upside breakout. I will watch for a failure this week and look to short this pair if it breaks through the 9200 support.
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