Another channel to cogitate…AUDUSD H1

AUDUSD H1

The AUDUSD has been holding up rather well from the strong bids near 1.02 and bounced well.

However on the hourly which clearly shows channel support around 1.0150 where I believe there is a barrier, it is threatening the downside at the moment having just closed below the pennant line. Excuse my lines but I wanted to post this quickly before I go. We could see a broaching of the 1.0200 again for a further test.

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