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AUDUSD Daily Analysis – April 27, 2017

AUDUSD broke out of the triangle pattern and continued its downward movement from 0.7749. Further decline could be expected in a couple of days, and next target would be at 0.7400 area. Resistance is at 0.7540, only break above this level could signal completion of the downtrend.

AUDUSD chart

Author ForexCycle.comPosted on April 27, 2017April 27, 2017Categories Short Term Forex AnalysisTags AUDUSD, Breakout, Triangle, Triangle Pattern

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