AUDUSD is facing channel resistance

AUDUSD is facing the resistance of the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and one more fall towards 0.9000 is still possible. One the upside, a clear break above the channel resistance will suggest that the downtrend from 0.9756 had completed at 0.9269 already, then the following upward movement could bring price to 1.0000 zone.

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