AUDUSD Strong bullish momentum inside this Channel Up.

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The AUDUSD pair has been trading within a 3-month Channel Up pattern and on Monday almost hit its 1D MA50 (blue trend-line) and rebounded. This is the start of its new Bullish Leg.

Based on the previous ones, it should complete a +2.70% rise at least. As long as the 1D MA50 (blue trend-line) holds, we are bullish, targeting 0.66555.

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