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Australian Dollar / U.S. Dollar
Long

AUDUSD Symmetrical Triangle Breakout

By NDOBObanks
Updated
We expect further upside on this pair, signalled by the symmetrical triangle channel pattern breakout. We can also see the formation of a new high which signals a change in trend from bearish to bullish as well as a breakout of a key level which further supports our directional basis.
Note
Price is moving up towards target. We plan to close trade around NY close which is in the next 45 mins
Trade closed: target reached
Trade was closed around NY close based on our trading rules regarding over night risks. Trade reached target.
Note
Price is still shooting up. We might consider looking for a new bullish setup using current price action.
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NDOBObanks

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