BambooGrowth
Short

AUDUSD - DescendingChannel

FX:AUDUSD   Australian Dollar/U.S. Dollar
24 0 2
AudUsd             found support on the 0.7420 area last week, and short term we could see AudUsd             testing that trend line from May 2016 and 2013             Channel Resistance . AudUsd             is approaching the key resistance area between 0.7720 and 0.7820, so watch for selling price action signals this week. And with RBA announcement this week we might be getting some good entries at that level.

Only a daily close above those two resistance lines will make us bullish on AudUsd             (longer term)
Comment: Now on the key resistance level
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