Watch for a break of this channel on AUDUSD followed by a break of the 50% fib (.7480).
This could be a good short opportunity to first target the 38.2% fib (.7325) followed by the 23.6%fib (.7134)
This could be a good short opportunity to first target the 38.2% fib (.7325) followed by the 23.6%fib (.7134)