AU will retest the new support, top of pink rectangle, and or the lower trendline. At this point price may break below the new support, indicating a short opportunity, or it could bounce off this new support, indicating a new upwards trend, and a good long setup:)

If it bounces and setups for a long, be careful when price hits resistance (top of rectangle)!
Beyond Technical AnalysisChart PatternsTrend Analysis

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