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Nonetheless, at the moment the AUD/SGD cross is trying to form triple bottom pattern, after a failure to break above the pattern's neckline around the 1.14 mark. The 4H and weekly technical indicators suggest that the pair is poised for a retreat, thus making a triple bottom formations a likely scenario. The majority of the SWFX traders' are also sceptical on the currency pair's advance as 65.20% of them have opened short positions on the pair.
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