AUD/SGD 1H Chart: Triangle

Source: Dukascopy Bank SA
© Dukascopy Bank SA
During a month ended March 3, AUD/SGD was trading sideways but then the pair became more volatile and performed several large swings that helped it to shape a triangle pattern.
Now the currency couple is on the brink of the breakout as it has already reached the apex of the 223-bar long pattern. At the moment, AUD/SGD is vacillating slightly below the lower boundary of the triangle; however, a number of false breakouts preceding to the current decline increase uncertainty whether this breakout was real.
© Dukascopy Bank SA
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