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AUD/USD is trying to breakout the triangle


Aussie is recovering after significant drop by -3.23%, caused by coal export issues to China. Circa half of the losses was restored.

AUDUSD rate chart

AUDUSD rate chart

The situation still looks uncertain: traders did not decide to support further recovery or not. As a result, AUDUSD stuck in symmetrical triangle.

We recommend to enter the market in the direction of breakout of the pattern.

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