Chart of The day $AUDUSD 05-08-2018

On the AUDUSD daily chart, we can see that the pair is breaking below the 0.7480 level of the consolidation triangle and also the Pitchfork channel median line for an extension downside into the 0.7300 level.

Note: look for the short trade entries with the SL above the 0.7500 level.

AUDUSD price action technical anaylsis

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