If you look back at AUDUSD over the past few weeks you can see on the 4hr there has been a MASSIVE downside channel. Then looking into the Hourly we can see another downside channel playing out.
Now we are reaching an interesting point on this pair as price still looks to be favouring the dollar and with the downside momentum this pair is already shown this could make an interesting sell point with prior structure shown to our left.
Now we are reaching an interesting point on this pair as price still looks to be favouring the dollar and with the downside momentum this pair is already shown this could make an interesting sell point with prior structure shown to our left.