Chart of The Day $AUDUSD 3-16-2017

On the AUDUSD daily chart, we can see that the pair is testing again the falling Pitchfork channel line and the strong downside support trend line 0.7700-0.7740 zone. The hold of this level is required for the downside to being extended. The clear daily close above this level will lead to an upside continuation into 0.7850-0.7900.

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