AUDUSD - DescendingChannel

AudUsd found support on the 0.7420 area last week, and short term we could see AudUsd testing that trend line from May 2016 and 2013 Channel Resistance . AudUsd is approaching the key resistance area between 0.7720 and 0.7820, so watch for selling price action signals this week. And with RBA announcement this week we might be getting some good entries at that level.

Only a daily close above those two resistance lines will make us bullish on AudUsd (longer term)

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Now on the key resistance level