Australian Dollar Bullish Channel

[B]Commentary[/B]: A bullish may be forming. Channel support is at .8460 and channel resistance is near .8540. The dominant pattern on the daily is the 3 wave setback from .8390 to .8162, which is bullish.

Rallies since have unfolded in an impulsive manner. The channel offers the best reference points from which to trade. [B]Strategy[/B]: None