AUDUSD and it’s possible 1.60% decline

Following a large horizontal channel pattern, with orange lines outline the high and lows of it. Right now it’s stuck in a miniature horizontal channel in it, with that being represented by the pink lines.

Formed a triangle pattern so this may be the breakthrough pattern that puts it up or down, it did already breakdown though so if I see it bounce off the bottom of the right triangle and then breakthrough support for miniature horizontal channel then it’s confirmed. Did recently hit the top which is why I feel more inclined in it going to the bottom. Total decline would be around 1.60% before met with some long term support.