The Aussie Dollar has been on a significant bear run and is starting to show signs of exhaustion.

Structurally speaking, the daily time frame raising channel is holding, with the lower/support trend-line being tested and forming a higher low.

The four-hour time frame just printed a bullish engulfing candle stick pattern at the test of the trend-line which I used as added confluence for a higher low swing.
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Trade opened at 0.72787
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Ascending ChannelAUDUSDChart PatternsEngulfing CandleTechnical IndicatorsTrend Analysis

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