Chart of The Day $AUDUSD 10-19-2016

On the AUD/USD  daily chart we can see that it is testing 0.7700 important level for the upside break, also a falling trend line which connects Apr-Sep 2016 lower highs. Larger triangle is narrowing and now the range is between 0.7750-0.7700. If we get a break above 0.7700 first target is 0.7750 followed by 0.7800-0.7850 zone. 

Happy trading! (click on the chart to enlarge it)



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