FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
A look at the technical analysis of AUDUSD, it is observed that the price action is following a channel trend as pointed out at the chart, also another look you will see the red trend resistance line which also have been followed for the past hours, but I believe that either way the price of AUS would gain in value but that won't last long that is due to the red line resistance trend line but if broken then we are in for a strong BUY.

This is my own opinion, make sure you follow your risk management and fundamental information

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