AUDUSD is in a mid term bullish channel bouncing and retracing of minor support and resistance zones but which are also the high and of the bullish channel. So far we haven't failed to continue rally long. If price can rally back to 0.7504 I would expect for price to rally up for 20 pips and then an extra 20 pips however if we break above 0.7522 I would expect price to rally up to 0.7542 .