AUDUSD | ascending channel formed

  • followed by the bearish dollar prediction, AUD seems to be one of the high yield currencies to long
  • it holds well by the 20 EMA
  • an ascending channel was formed follwed by the last pullback
  • a 1.8 risk-reward ratio still can be attained for the 1st target
Moving AveragesParallel ChannelpriceactionSupport and Resistancetrendfollowing

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