AUD/USD Respecting The Channel
|The AUD/USD, popular Ozzie, is moving alongside upper EQ channel making zig zag bullish pattern. This bullish pattern is characterized by a slow grind towards D H3/H4 channel top and we might expect a possible continuation if the price doesn’t make a 4h close below D L5/ W L3 0.7430. The POC zone is 0.7455-65 (ATR low, EQ channel bottom, D L4, EMA89). In the case that price goes below POC (without closing below 0.7430) a bullish spike into the channel itself will also be a bullish sign.
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