Technical analysis:
AUD/USD has been trading upside this morning but the resistance zone at the price of 0.6930 is on the test.
Trading recommendation:
Due to the breakout of the channel in the background, I see potential for the further downside continuation.
Watch for the selling opportunities on the rallies with the downside objective at 0.6740
Slow Stochastic is showing fresh downside cross, which is sign that there is potential for the downside movement.
Key resistance zone is set at the price of 0.6930
