Sideway AUDUSD in decending channel
AUD/USD is correcting in a descending channel and below EMA 200 , which suggests sideways dynamics. expected to move in direction the upper Line and may break it out or testing it and rebound, followed by a drop to 0.6630. A signal confirming the decline will be a rebound from the upper border of the descending channel. The scenario can be cancelled by a breakout of the upper border of the channel with the price securing above 0.6735(Fib 0.382), which will mean a rise to 0.6825. Meanwhile, the decline can be confirmed by a breakout of the lower border of the bullish channel with the price securing under 0.6605. #OPINIONLEADER#
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