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AUD/USD Trading Within an Ascending Channel

MultiBank Exchange Group
By MultiBank Exchange Group

AUD/USD is trading within an ascending channel, is trapped between the upper median line (uml) and the first warning line (wl1) of the minor ascending pitchfork. Could increase again as long as stays above the upper median line (uml), only a drop below this dynamic support will open the door for more declines.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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