Trade77; AUDUSD Daily Channel 7am

Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

Aussie plunged at last against the Greenback and has corrected some of the last massive bullish movement.
There is a nice channel in the daily timeframe and price is near at the beneath bond now:

Until price is above this channel my bias will remain bullish and I like to see a bounce from the beneath bond before taking some long positions here.
For short setup I like to see a breakout with high volume and if price closed below 0.9780 then it could be a good long-term sell signal.

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Kindest Regards

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