| AUD/USD - Inverted Flag Formation Posted: 13 Aug 2010 08:01 AM PDT  Price action on AUD/USD (a 4-hour chart of which is shown) as of Friday (8/13/2010) morning has formed what could potentially be an inverted flag pattern, a consolidation/continuation pattern that often occurs in the midst of a bearish move like what AUD/USD has been experiencing for most of this week. For more technical analysis on this currency pair, please click here for Friday’s (8/13/2010) Chart of the Day.
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