AUDUSD is hovering around 0.5 Fib retracement of decline from leg down that started on 18 July and ended on 7 August. A break up or down from the triangle are both possibilities. A wait to see where the daily close is today might provide more clues as to possible future direction. Critical round number area of 6900 could see a short term sell off and pullback. Even though the pair looks strongly bullish look to the left for previous areas of support and resistance. Be careful out there!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.