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Breach of support could mean a start of a bearish trend on AUD/USD

AUD/USD has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we may see the price of AUD/USD testing 0.7202 within the next 6 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.

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AUS200 is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 11 days.

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