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AUDCHF may travel in the symmetrical triangle

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
AUDCHF Weekly Chart
  • The MACD on the weekly chart is in positive territory. The histogram is flat.
  • The RSI is rising.
  • The Stochastics is headed North.
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AUDCHF

The AUDCHF pair seem to be in the symmetrical triangle for the past few weeks and if it stays within the triangle then on 1 Nov 16 the pair will be near 0.73850.
The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively.
Happy Trading.
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