Consolidation near the top of the downtrend channel.
AUDUSD stayed in the downtrend channel, and now started consolidation on 1h TF. We need to wait for a breakout or continuation of the downtrend.
Note
Price is just trying to break out from the downtrend channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.