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AUDUSD Could Be Going Long

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Forex_Trading_HQ  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Chart Patterns Trend Analysis AUDUSD audusdlong audusdlongsetup
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chartpattern trendanalysis audusd audusdlong audusdlongsetup
Looking at the 4H chart, there is a small descending channel.
Price is currently testing a key area of demand whilst also coming close to a bigger ascending trendline.

If price is rejected from the support area and manages to break the descending channel then the pair is looking very bullish.

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