OANDA:AUDUSD   Australian Dollar / U.S. Dollar
the pair in the early hlours of this morning managed to break resistance but failed to clear 0.71500, the pair then retraced back into the consolidation box down to the 0.71100 region.

I have idenitifed a new uptrend channel that the pair retraced off and I will be eyeing a 0.71400 long entry.

please use appropriate lots and respect your stop loss.

take care!

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