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theforexportal
May 8, 2020 4:35 PM

AUDUSD in a very interesting wedge shape - which way next? 

Australian Dollar/U.S. DollarFXCM

Description

AUD/USD is held in an interesting wedge formation that dates back to the 9th of March. Its likely the price will squeezed between the boundaries of the flag/triangle/pennant for several sessions to come.
Once price breaks free it should set the direction of AUD/USD for some time.
One to watch.
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