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Home / AUD / AUD/USD Price Analysis: Balances in a descending triangle, 0.6870 a critical support

AUD/USD Price Analysis: Balances in a descending triangle, 0.6870 a critical support

Posted by: AUD Editor in AUD 6 days ago

A Descending Triangle formation has squeezed volatility from the asset. The RSI (14) is oscillating in a 40.00-60.00 range which indicates a consolidation ahead. A downside move below 0.6868 will …
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