If we want to see that AUD/USD uptrend continue we must follow a retracement and then a breakout of the 0.7 psychological level. After the uptrend we would complete a full retracement to that bearish trendline and 61% Fib level. Watch out for news releases and equities updates to determine if that downtrend trendline is going to be broken or not.
AUDUSDChart PatternsTechnical IndicatorsretracementTrend Analysisuptrend

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