TraderEye Market View: The AUDUSD currency pair has shown strength in recent times

Thursday, August 29, 2024

The AUDUSD currency pair has shown strength in recent times

The AUDUSD currency pair has been showing strength in recent times, stronger in relation to the other currencies such as GBP and EUR and is now completing a short-term correction identified through a bullish shark-type harmonic pattern on the graph in the quarter-hour time frame.

Attached is a chart in a quarter-hour time frame showing the small harmonic pattern within a larger technical pattern of a bullish expanding triangle:

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