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AUDUSD Forex Weekly Analysis May 29 - June 2, 2017

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Looking for the recently formed bearish momentum to continue. A rapid increase in the market usually followed by either wide sideways movement or rapid decrease of the price level.

In this case, we might be seeing a wide sideways movement considering that the price is moving in a triangle pattern from a bigger time frame (W1).