ClearEdgeFX

AUDUSD - Price Compression Possibly Leading to a Breakout

FX:AUDUSD   Australian Dollar / U.S. Dollar
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AUDUSD is appearing to be squeezed between two trendlines in a triangle formation. For short-term traders there might be opportunities to sell around the 0.7330 level or buy around 0.7230 if the right price action patterns occur. Seeing as we're slowly approaching the FOMC meeting price will likely drift in this range until then.

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