Weekly Forex Update: EUR/AUD

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EUR/AUD is moving down inside a highly uniform Failing Wedge chart pattern identified by Autochartist. The quality of the chart pattern is rated at 3 bars, reflecting the following values of the individual contributing quality indicators: low Initial Trend and Clarity ratings of 2 bars each, as well as a strong Uniformity rating of 7 bars. The higher uniformity of the Failing Wedge reflects even distribution of the connecting points of the upper and lower trendlines of the chart pattern.
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