AUDUSD has formed a bearish trend channel in the hourly chart. The price is currently trying to reverse up from the lower band of the channel, 0.7694. If AUDUSD can break the horizontal former support, now resistance 0.7726, it may target the upper band.
RSI is turning from the 30 and MACD is preparing to give a buy signal shortly. This combination gave the correct turning signal for 2 times of the last 4 bottoms in this month. This signal may become the third as long as AUDUSD can hold above the lower band of the trend.
