AUD/USD confirms a pattern breakout
Gary Christie July 7, 2020 12:44 PM
The uptrend remains in play with positive news sentiment.
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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