It's also part of the setup I posted some days ago, with possible move here:
What is happening now? AUDUSD sits in nice , touched the upper of the channel which coinfluences with . I expect more doward pressure this week due to USDollar index , which should got more upward pressure to complete its move this week. Watch USDollar index for the clues where we can go.
Yellow box represents potential PR zone.
SL goes above 0.5 retracement with nice RR ratio.
I will be posting further analysis with bigger picture on this pair very soon. Possible great long setup is coming here.
It's just my personal idea, like if you agree.