AUD/USD confirms a pattern breakout

The uptrend remains in play with positive news sentiment.

Charts (5)

Using the "TC Market Buzz" research tool under the Market Analysis tab we have identified some market buzz around the AUD/USD currency pair. 

News volume has climbed more than usual with a 75% positive orientation

Looking at a 4-hour chart, the AUD/USD remains in an uptrend supported by a rising trend line. Prices just broke above a classic symmetrical triangle continuation pattern. As long as support can hold near the 0.69 level, look for a continuation higher towards 0.708.

Source: GAIN Capital, TradingView

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