The Australian Dollar had traveled in a very bullish direction against it’s U.S. counterpart between the start of March and the start of June before consolidating in a bearish channel. Within this channel, the pair oscillated in a 350 pip downward drifting range. For nearly a month and a half now, price action has traveled in a clean bearish channel. It now appears as though the pair has, for the fourth time, found channel resistance. Will the pair break higher or revert down to support?
