EUR/AUD Triangle Formation

Supporting a Euro Reversal. EUR/AUD rallied to resistance 1.523, however in my last week post I stated technical indicators didn't support a breakout. This week we saw it happen, price reverted to 1.491 on only two days. On a daily chart an ascending triangle is formed. Time will tell if it has enough strength to break support, or if it will return back to resistance and break it.

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