AUD/USD is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Bullish continuation pattern.
Consolidation. Can break either way.
A clear signal has emerged for AUD/USD (AUD/USD) on the daily chart. Price has moved to $0.71 (1.47%) amidst recent volatility. Price action has carved out a classic Ascending Triangle. The trend indicator is reading 18.2/100, suggesting moderate momentum. A potential breakout level is identified at $0.72, targeting $0.75 with support near $0.69 (R:R 1.08).
What is your outlook on AUD/USD?