AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
AUD/USD: confirmed 'Triple Bottom' pattern
2019-11-11 • Updated
There's a 'Triple Bottom' pattern, which has been confirmed, so the price is rising. It's likely that the pair is going to reach the previously tested resistance at 0.7167. If a pullback from this level happens next and there's any bearish pattern, bears will probably try to test the Moving Averages once again.
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