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Technical analysis of AUD/USD for May 30, 2018

analytics5b0df336e9e12.jpg

As we see on the 4-hour chart for AUD/USD, the Stochastic has already entered the oversold area. The price has already broken out and closed below the ascending triangle pattern. It looks like there will be a re-test of the resistance level of 0.7550 in a few days.

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The material has been provided by InstaForex Company - www.instaforex.com