AUDUSD: Sell Entry Ahead

[B]My picks:[/B] Short AUDUSD (pending)
[B]Expertise: [/B]Global Macro, Classic Technical Analysis
[B]Average Time Frame of Trades:[/B] 1 week - 6 months

With the rally in risky assets looking increasingly toppish and AUDUSD showing a clear Bearish Engulfing, the time to be selling is nearly at hand. Look for confirmation on a break below the lower boundary of a rising channel that has guided prices higher since late April (now at 0.7908) and enter short, targeting 0.65.