WandileM

Ascending Channel on AUDUSD Short-term bearish movement expected

FX:AUDUSD   Australian Dollar / U.S. Dollar
The downward channel broke above, thus creating an upward channel.
Price recently tested channel resistance and we are now anticipating for it to reach channel support.
Stochastic (14, 3, 3) has slightly broke below 80 level, signalling a sell.
Fundamental for AUD came out negative: GDP Q3 at 0.3% against 0.6% forecast.

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