AUD/USD prepares to leave triangle

The assumption said yesterday was partially confirmed. On the one hand, the currency pair made a third rebound near the 0.7960-65 levels, where is located an alleged triangle's resistance line. On the other hand, it broke through the combined support level set up by the 20-, 55- and 100-hour SMAs and, thus, left the supposed pattern downwards. However, a reversal near 0.7912 and the subsequent 21-pip advance forced to reconsider the above pattern. Now, it seems that the rate is rather moving in a symmetrical triangle. Nevertheless, that does not give a decisive clue about where the pair is planning to go. The only thing that can be said for sure is that in case of a breakout downwards, the fall should be limited by the weekly PP at 0.7898. In contrast, the northern side does not have any barriers nearby.