Evidentially, the pair AUD/USD has retested trend line, three times. We are on the third leg, trend line is respected and price action resumes bearish trend. Lower highs, as well lower lows are being created, this is confirmation of a down trend. A channel has also been located, illustrated above. Expecting to sell all the way to 1.272 Fib Extension level. Look for confirmation on lower time frame a sell if you wish.