AUDUSD Bound by downward channel

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD bound by a downward channel in the 4-Hour timeframe

Without much economic news affecting the pair.
We expect the movement will be greatly on the technical side.
As we see on the parallel channel the price hit its resistance and now starting to move downwards.

Our bias for this weeks moves is short.

Trade Idea

Sell Entry : 0.77470
Stop Loss : 0.77650
Target Price: 0.7680
RRR : 3.66

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If you have other thoughts you can comment down.