Since 12. October AUDUSD is moving in a descendeing channel with current range 0.7140 - 0.6940 that reflects main trend direction.
At this moment I expect developing one of the outcomes:
I. Rise above 0.7080 (entry) and test 0.7140 (target), stop 0.7050.
II. Fall below 0.7040, test and break of 0.7020 (entry), decline to 0.6945 (target), stop 0.7050.
Trade closed: target reached:
Scenario I completed.