FX:AUDUSD Australian Dollar/U.S. Dollar
AUD/USD recently broke though a key . The pair is also trading within a channel, and is now likely to complete the . The shaded area is my profit target, which corresponds to a monthly Fibonacci level, while a stop will be set a little above the support line due to the probability of a retest. I believe this pair can possibly drop below the shaded area but that is my first target now that support has been broken.